A Daily Outlook: BTC/USD; March 23, 2022

Top 5 Headlines on Digital Currency:

  • Ultimate Fighting Champion star Matheus Nicolau is the latest athlete that has opted to receive his fight earnings in Bitcoin – Investing.
  • Goldman Sachs, one of the world’s largest banks, has made its first Bitcoin trade in the OTC (over-the-counter) market. The Wall-Street giant bought an NDO (non-deliverable option) from Galaxy Digital, a firm specializing in financial services of digital assets – Investing.
  • A fresh impulse in the cryptocurrency market sees all of the top ten cryptocurrencies up by double digits in the last seven days – Investing.
  • Bitcoin set a new all-time high for hash rate last week, but opinions are divided as to whether the uptrend can continue – Investing.
  • Huobi Global Lists ABBC Coin as Crypto Announces Swap Function – Investing.

Technical View:

  • The BTC remain volatile on Wednesday and consolidates around $42,000 mark.
  • The pair made intraday high at $42,554 and low at $41,779 mark.
  • Today a day chart and H1 chart with triple EMA suggest up trend for the time being.
  • A sustained close above $42,550 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $41,200 on H1 chart requires for the downside rally.
$41,200 $42,550
$40,800 $43,150
$40,100 $43,680
$39,680 $44,100
$39,050 $44,500


Take a look and do trade wisely!
Good Luck