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SpanishA Daily Outlook: BTC/USD; March 14, 2022
Top 5 Headlines on Digital Currency:
- SNE, the native token of StrongNode Edge–an enterprise and an infrastructure-as-a-service company– will list for the first time on a centralized cryptocurrency exchange, MEXC – Investing.
- Biden to sign executive order on crypto, authorize all-government effort to consolidate regulation – Investing.
- The United States Securities and Exchange Commission, or SEC, has disapproved spot Bitcoin exchange-traded fund applications from the New York Digital Investment Group and fund manager Global X after deferring on a decision several times in the last year – Investing.
- Sanctions on Russia and Belarus will include crypto European Commission Crypto-friendly Yoon Suk-yeol wins South Korean presidency, ICX surges 60% – Investing.
- Financial Conduct Authority (FCA), United Kingdom’s central financial regulator, has issued a verdict on the presence of Bitcoin (BTC) ATMs within the island country – Investing.
Technical View:
- The BTC enjoy roller coaster movement and remains well supported above $37,000 mark.
- The pair made intraday high at $38,927 and low at $37,567 mark.
- Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being.
- A sustained close above $39,500 on H1 chart requires for the upside rally.
- Alternatively, a consistent close below $37,100 on H1 chart requires for the downside rally.
| SUPPORTS | RESISTANCES |
| $37,100 | $39,500 |
| $36,600 | $40,100 |
| $36,100 | $40,800 |
| $35,550 | $42,300 |
| $35,000 | $42,900 |
Take a look and do trade wisely!
Good Luck
TP Global FX Research Team
With a decade of Forex Market insight, TP Global FX Research Team delivers you the Market Insight that boosts your Trading Skills