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

Top 5 Headlines on Digital Currency:

  • Financial Institutions’ (NASDAQ:FISI) subsidiary, Five Star Bank announces new partnership with NYDIG, a bitcoin company – Investing.
  • NFL star’s massive tax bill highlights problems with BTC salaries – Investing.
  • Members of the executive board at the International Monetary Fund are urging lawmakers in El Salvador to no longer recognize Bitcoin as legal tender – Investing.
  • Colombians Will Have to Declare Operations Performed on Exchanges with Bitcoin – Investing.
  • Bitcoin and other cryptocurrencies lead risk assets lower as concerns about war in Ukraine trigger a broad selloff. The U.S. and U.K. both instructed the families of their diplomats living in Ukraine to leave the country, suggesting that both countries still see an elevated near-term risk of a Russian invasion – Investing.

Technical View:

  • The BTC reverses previous loss against U.S. dollar and stabilizes around $37,500 mark.
  • The pair made intraday high at $38,000 and low at $36,589 mark.
  • Today a day chart is down and H1 chart with triple EMA suggests bullish trend for the time being.
  • A sustained close above $38,500 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $33,100 on H1 chart requires for the downside rally.
Supports Resistances
$35,720 $38,500
$35,550 $38,740
$35,100 $39,200
$34,400 $39,550
$34,000 $39,900

Take a look and do trade wisely!
Good Luck

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