A Daily Outlook: BTC/USD; May 25, 2022

Top 5 Headlines on Digital Currency:

  • Christine Lagarde, President of the European Central Bank, in a recent talk show exclaimed cryptocurrencies to be “worth nothing” – ambcrypto.
  • PayPal representative announced that the company has been trying to bring all possible blockchain and cryptocurrency integrations to its services – ambcrypto.
  • The second largest stablecoin (USDC) provider Circle took measures to reclaim users’ lost trust on stablecoins post UST’s depeg – ambcrypto.
  • The International Monetary Fund is said to provide ‘technical assistance’ to El Salvador – ambcrypto.
  • A new Federal Reserve report has revealed that 12% of the U.S adult population was using or holding crypto last year – ambcrypto.

Technical View:

  • The BTC moves directionless and hovers around $30,000.
  • The pair made intraday high at $30,189 and low at $29,522 mark.
  • Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being.
  • A sustained close above $30,200 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $28,800 on H1 chart requires for the downside rally.
$28,800 $30,200
$28,050 $30,800
$27,500 $31,450
$27,100 $31,800
$26,650 $32,500


Take a look and do trade wisely!
Good Luck