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Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
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As demand for riskier assets rose following lowered geopolitical conflict, BTCUSD stays above $65,000.
It hit an intraday high of $65378 and is now trading around $65110.
Technicals CMP -$65110 Trend 4- Hour chart Value 55 EMA $64028 CMP>55 EMA Bullish 200- EMA $64071 CMP >200- EMA Bullish 365- EMA $65020 CMP>365 EMA Bullish 800-EMA $68772 CMP<Value BearishMajor support- $60000/$57700/$52796.
The pair is facing strong around $67000 .
Momentum indicator (1-hour chart) Inference Value CCI(50) Bullish 103 ADX Bullish Strength increased from 20.91 to 21.60It is good to buy on dips $65000 with an SL around $63000 for a TP of $74800.