Crypto Technicals: BTC/USD extends sideways along 55-EMA support, break below will confirm weakness
BTC/USD chart – Trading View
Exchange – Coinbase
Support: 10164 (20-DMA); Resistance: 10909 (cloud base)
Technical Analysis: Bias neutral, turning slightly bearish
BTC/USD is extending sideways grind along 55-EMA support, scope for downside resumption.
The pair is trading 0.90% lower on the day at 10305 at 06:00 GMT, bias is turning slightly bearish.
5-DMA is showing a slight turn. RSI has slipped below 50 and Stochs has rolled over from overbought levels.
Cloud caps upside in the pair. Stochastics RSI is on verge of rollover from overbought levels.
The pair has slipped below 200H SMA and decisive break below 55-EMA will see further weakness.
Next major bear target lies at 38.2% Fib at 9765. Retrace above 200H SMA will see more consolidation around current levels.
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