A Daily Outlook: BTC/USD; Aug 10, 2021

Top 5 Headlines on Digital Currency:

  • The U.S. Senate rejected a bipartisan amendment Monday aiming to clarify the tax-reporting provisions required for brokers supporting the Bitcoin economy – Forbes.
  • Regional authorities in one of the key states of the Venezuela, Carabobo, suspended the power supply of all registered miners, effectively shutting down their operations in the industrial state – Investing.
  • Bitcoin Cash Argentina, a nonprofit foundation destined to increase the knowledge and adoption of the cryptocurrency in the country, has achieved its second milestone by crowdfunding a new circular economy campaign using Flipstarter. This new campaign goes even further with the goal of onboarding 250 merchants in the near future – Investing.
  • American cinema operator AMC Entertainment is aiming to accept Bitcoin payments for movie tickets by 2022 – Investing.
  • The first-ever green Bitcoin exchange-traded fund (ETF) is now operational in the Brazilian stock markets after Hashdex, a Brazilian crypto-focused investment firm, launched a new ETF in the country – Investing.

Technical View:

  • The bitcoin regains the $45,000 mark and touches $46,759 mark in early Asia.
  • The pair made intraday high at $46,759 and low at $45,325 mark.
  • Today a day chart and H1 chart with triple EMA confirms up trend in short run.
  • A sustained close above $46,322 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $45,100 will check further supports.
$45,100 $46,760
$44,888 $46,950
$44,228 $47,200
$43,640 $47,550
$43,100 $47,990

Take a look and do trade wisely!
Good Luck

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