Gtag:

A Daily Outlook: BTC/USD; April 26, 2022

Top 5 Headlines on Digital Currency:

  • Institutional investors have shifted their attention from Ethereum (ETH) to competing Layer 1 blockchains of late, with capital inflows for altcoin investment products increasing last week whilst Ether products posted outflows for the third week in a row – Investing.
  • The Stacks Ventures project incubator has accepted 11 projects to help make CityCoins more appealing to global mayors who want to utilize a digital asset to receive rewards and bolster their economies – Investing.
  • Bitcoin, the leading crypto, should regain its price and attain the level of $65,185 this year, according to the latest fintech industry expert survey – Investing.
  • Stablecoin DeFi platform Blindex will introduce two new stablecoins to the Bitcoin sidechain Rootstock (RSK), CoinQuora has learne – Investing.
  • Coinbase is set to take over Turkish crypto exchange ‘BtcTurk’ in a whopping $3.2 billion deal. Starting from May, the world’s second-largest crypto exchange will be in charge of BtcTurk – Investing.

Technical View:

  • The BTC trades almost flat on Tuesday and trading around $40,500 mark.
  • The pair made intraday high at $40,800 and low at $40,376 mark.
  • Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being.
  • A sustained close above $41,200 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $39,800 on H1 chart requires for the downside rally.
SUPPORTS RESISTANCES
$39,800 $41,200
$39,400 $41,800
$39,050 $42,250
$38,700 $42,700
$38,200 $43,050

 

Take a look and do trade wisely!
Good Luck

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