Gtag:

A Daily Outlook: BTC/USD; March 28, 2022

Top 5 Headlines on Digital Currency:

  • UAE’s largest real estate firm Emaar is now accepting Bitcoin and Ethereum – Investing.
  • Innovative cities across America are racing to become the next hot spot for cryptocurrency and blockchain adoption. Miami was the first city to adopt its own part of CityCoins last year, allowing it to implement its own cryptocurrency called “MiamiCoin” to be used for civic engagement – Investing.
  • The Brazilian city of Rio de Janeiro will officially start accepting Bitcoin (BTC) payments for taxes related to urban real estate within their city limits – Investing.
  • The prime minister of Vanuatu, the Honourable Bob Loughman, has officially given the green light to Satoshi Island – Investing.
  • A proposed rule change with the United States Securities and Exchange Commission (SEC) could be the catalyst for the regulatory body approving a spot Bitcoin ETF in mid-2023 – Investing.

Technical View:

  • The BTC starts a new week on a positive note and hits highest level since Jan 02, 2022.
  • The pair made intraday high at $47,765 and low at $46,672 mark.
  • Today a day chart and H1 chart with triple EMA suggest bullish trend for the time being.
  • A sustained close above $47,500 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $46,100 on H1 chart requires for the downside rally.
Supports
Resistances
$46,100
$47,810
$45,800
$48,200
$45,680
$48,755
$45,200
$49,100
$44,500
$49,500

Take a look and do trade wisely!
Good Luck

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