Gtag:

A Daily Outlook: BTC/USD; April 18, 2022

Top 5 Headlines on Digital Currency:

  • Making Bitcoin legal tender in Mexico will be ‘an uphill battle,’ says Ricardo Salinas – Investing.
  • Opera (NASDAQ:OPRA) released a beta version of its Web3 browser with a built-in crypto wallet on Friday for iOS devices, iPhone and iPad. Opera’s Crypto Browser has been available for Mac and Windows desktop users, as well as Android mobile users since January – Investing.
  • US Congress eyes e-cash as an alternative to CBDC – Investing.
  • MicroStrategy shareholders letter: We’ll ‘vigorously pursue’ more BTC buys – Investing.
  • ChickenFast (CF), a leading cloud-based pool of computer power for cryptocurrency mining, officially announced that it has built end-to-end encrypted crypto mining facilities in Texas, US, and it is planning to build more others in the near future – Investing.

Technical View:

  • The BTC weakens sharply on Monday and hovers around $39,000 mark.
  • The pair made intraday high at $39,887 and low at $38,547 mark.
  • Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being.
  • A sustained close above $40,100 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $38,500 on H1 chart requires for the downside rally.
Supports
Resistances
$38,500
$40,100
$38,050
$40,800
$37,650
$41,500
$37,000
$41,900
$36,750
$42,300

 
Take a look and do trade wisely!
Good Luck

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