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SpanishA 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.
| SUPPORTS | RESISTANCES |
| $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
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