Gtag:

A Daily Outlook: BTC/USD; Feb 14, 2022

Top 5 Headlines on Digital Currency:

  • Russian government and central bank agree to treat Bitcoin as currency – Investing.
  • Upcoming Apple iPhone feature to give merchants a way to accept crypto payments – Investing.
  • Streaming and production giant Netflix will soon produce a documentary series on the infamous Bitfinex hack — one of the biggest financial crimes from 2016 stealing 119,756 Bitcoin (BTC) — worth $72 million at the time – Investing.
  • The Bitcoin (BTC) network has recorded a new hash rate all-time high of 248.11M TH/s as of Feb. 12, 2022, further securing the decentralized ecosystem through a growing network of global BTC miners – Investing.
  • Redditor stashes away BTC worth $100 for 100 years in public library – Investing.

Technical View:

  • The BTC starts a new week on a lower note and hovers around $42,000 mark.
  • The pair made intraday high at $42,190 and low at $41,575 mark.
  • Today a day chart and H1 chart with triple EMA suggest down trend for the time being.
  • A sustained close above $42,800 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $41,500 on H1 chart requires for the downside rally.
Supports
Resistances
$41,500
$42,800
$41,200
$43,150
$40,800
$43,620
$40,550
$44,000
$40,100
$44,550

 
 
Take a look and do trade wisely!
Good Luck

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