A Daily Outlook: BTC/USD; March 22, 2022

Top 5 Headlines on Digital Currency:

  • Bitcoin is trading higher a day after U.S. Federal Reserve Chairman Jerome Powell signaled he’s prepared to raise interest rates more aggressively – Investing.
  • The Bitcoin network’s on-chain activity still appears to be in a bear market as U.S. and E.U. buyers are struggling to stay ahead of sellers based in Asia – Investing.
  • The UniJoin team is excited to announce its current role as the go-to help for victims of the Russia/Ukraine crisis whose funds are stuck in both countries. According to the team, the stranded citizens turned to cryptocurrencies and UniJoin, a crypto mixer, to remove their money from the countries – Investing.
  • The United States Securities and Exchange Commission has extended its window to approve or disapprove spot Bitcoin (BTC) exchange-traded fund (ETF) applications from asset managers WisdomTree and One River – Investing.
  • Malaysia Could Adopt Cryptocurrencies as Legal Tender – Investing.

Technical View:

  • The BTC appreciates sharply on Tuesday and remains well supported above $42,000 mark.
  • The pair made intraday high at $43,337 and low at $40,901 mark.
  • Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being.
  • A sustained close above $44,500 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $40,800 on H1 chart requires for the downside rally.
$40,800 $44,500
$40,100 $44,990
$39,680 $45,300
$39,050 $45,780
$38,750 $46,250


Take a look and do trade wisely!
Good Luck

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