Gtag:

A Daily Outlook: BTC/USD; March 31, 2022

Top 5 Headlines on Digital Currency:

  • The World Blockchain Festival sponsored by the government of El Salvador, will be a discussion forum on blockchain technology, bitcoin, DeFi and tokens. But it will also have recreational and commercial activities for attendees on April 21, 22 and 23 – Investing.
  • Canadian oil and gas company Bengal Energy, is dipping its toes into Bitcoin (BTC) mining as a way of utilizing the untapped energy from its gas wells in the far reaches of the Australian outback – Investing.
  • Major American cryptocurrency exchange Kraken reportedly started implementing the Bitcoin (BTC) Lightning Network for users a bit later than the firm originally planned – Investing.
  • Argentina Will Promote Large-Scale Bitcoin Mining – Investing.
  • Spanish retail company ‘El Corte Inglés’, Europe’s biggest department store and third-largest worldwide, has made its foray into the crypto world after announcing the launch of an exchange platform in partnership with consulting firm Delloite – Investing.

Technical View:

  • The BTC moves in stiff boundaries and consolidates around $47,500 mark.
  • The pair made intraday high at $47,434 and low at $46,912 mark.
  • Today a day chart is up and H1 chart with triple EMA suggests bearish trend for the time being.
  • A sustained close above $48,050 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 $48,050
$45,800 $48,480
$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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