Gtag:

A Daily Outlook: BTC/USD; April 06, 2022

Top 5 Headlines on Digital Currency:

  • With Bitcoin exchange balances at multi-year lows and whale-sized purchases by MacroStrategy and Luna Foundation Guard, this week’s BTC fundamentals are positively bullish signals – Investing.
  • Long-Awaited “Tenderbake” Upgrade Revolutionizes the Tezos Blockchain – Investing.
  • Skybridge Capital founder Anthony Scaramucci believes the blockchain industry has a very bright future, but he is concerned about the “very weak leadership” in American politics – Investing.
  • The United States Department of the Treasury’s Office of Foreign Assets Control has announced it will impose sanctions on darknet market Hydra and virtual currency exchange Garantex – Investing.
  • New U.S. Bill (ACES) Antagonizes El Salvador’s Bitcoin Adoption – Investing.

Technical View:

  • The BTC starts a new day trading on a lower note and hovers around $45,000 mark.
  • The pair made intraday high at $45,548 and low at $44,419 mark.
  • Today a day chart is up and H1 chart with triple EMA suggests bearish trend for the time being.
  • A sustained close above $46,420 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $44,400 on H1 chart requires for the downside rally.
SUPPORTS RESISTANCES
$44,400 $46,420
$44,050 $46,750
$43,680 $47,100
$43,100 $47,800
$42,800 $48,200

 

Take a look and do trade wisely!
Good Luck

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