{"id":12452,"date":"2022-04-01T11:32:56","date_gmt":"2022-04-01T11:32:56","guid":{"rendered":"http:\/\/egrowonline.com\/?p=12452"},"modified":"2022-04-01T11:32:56","modified_gmt":"2022-04-01T11:32:56","slug":"bitcoin-ethereum-outlook-turns-bearish","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=12452","title":{"rendered":"Bitcoin, Ethereum Outlook Turns Bearish"},"content":{"rendered":"


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Bitcoin (BTC\/USD) Analysis<\/h2>\n

Bitcoin halts bullish trend, markets eye U.S. non-farm payroll data for further direction.<\/p>\n

Key Highlights<\/h3>\n

BTC halted its bullish trend and lost more than 5 percent on subdued market sentiment. Markets are eyeing US Non-farm payroll data today for further direction. The pair regained above 200-day EMA<\/a> in the European session.<\/p>\n

Technical Analysis<\/h3>\n

Intraday trend – Bearish<\/strong><\/p>\n

On the daily chart, the pair is trading above Tenken-Sen ($45,278), Kijun-sen ($42,701), and Ichimoku Kumo clou<\/a>d ($40,630). It hits an intraday low of $44,244 and is currently trading around $45,245.<\/p>\n

Major support is seen at $44,000, any breach below this level confirms further weakness. A dip till $44,000 \/ $42,900 \/ $42,500 \/ $41,700 is likely.<\/p>\n

The immediate resistance is around $46,000, any surge past targets $46,700 \/ $48,300. Major bullishness can happen only if it breaks $48,300, a jump to $52,000 \/ $50,000 is possible.<\/p>\n

RSI – Bearish<\/strong><\/p>\n

A possible strategy could be long above $48,300 with SL<\/a> around $46,000 for TP<\/a> of $52,000 \/ $55,000.<\/p>\n

ETH\/USD Daily Outlook<\/span><\/p>\n

Key Highlights<\/h3>\n