A Daily Report: BTC/USD; May 09, 2022

Top 5 Headlines on Digital Currency:

  • Controlling 17% of BTC hash rate: Report on publicly listed mining firms – Investing.
  • Shortly after the Russian invasion of Ukraine began, the Ukrainian government tweeted a request for funds in the form of Bitcoin (BTC), Ether (ETH) and Tether (USDT) – Investing.
  • A Portugal property was solely sold for 3 BTC without euro conversion – Investing.
  • Rapper and actor Ice Cube (O’Shea Jackson Sr.) has become the latest celebrity to join the Dogecoin fanclub – Investing.
  • Bitcoin fell to its lowest level since January on Monday as slumping equity markets continued to hurt cryptocurrencies, which are currently trading in line with so-called riskier assets like tech stocks – Investing.

Technical View:

  • The BTC starts a new week on a lower note and hits lowest level since Jan 24, 2022.
  • The pair made intraday high at $34,224 and low at $33,265 mark.
  • Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being.
  • A sustained close above $34,200 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $33,100 on H1 chart requires for the downside rally.
$33,100 $34,200
$32,800 $34,680
$32,150 $35,050
$31,900 $35,500
$31,450 $35,900


Take a look and do trade wisely!
Good Luck