# FxWirePro- BTCUSD Daily Outlook By Sheena Jordan Canonical URL: https://www.tokenpost.com/news/business/12467 Published: 2024-07-25T01:19:03.000Z Updated: 2024-07-25T01:19:03.000Z Section: Business > BTCUSD is consolidating after hitting a multi-month high. It hit a low of $65542 yesterday and is currently trading at around $66366. BTCUSD is consolidating after hitting a multi-month high. It hit a low of $65542 yesterday and is currently trading at around $66366. According to data from Lookonchain, Mt GOX moved 37477 BTC on Wednesday. BTC Spot ETF has seen minimum outflows of $77.80 million on Tuesday after one week of inflows. US markets - NASDAQ (negative correlation with BTC) - Bullish (neutral for BTC). The NASDAQ futures showed a minor sell-off despite strong earnings from Alphabet. Any close below 19470 will take the index to 19000. According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep deceased to 91.40% from 95.90% a week ago. Technicals- BTCUSD trades above the short-term moving average (21 and 55 EMA) and the long-term moving average (200 EMA) in the 4-hour chart. Minor support- $63000. Any break below will take it to the next level at $60000/$57000/$53000/$50000. Bull case- Primary supply zone -$70000. Any break above confirms a bullish continuation. A jump to $75000 is possible. Secondary barrier- $75000. A close above that barrier targets $80000. It is good to buy on dips around $63000 with SL around $60000 for TP of $75000. [TokenPost]() | info@tokenpost.com ## Links in this article - [TokenPost](https://www.tokenpost.com)