Crypto Technicals: BTC/USD holds 20-DMA support, extends sideways grind along 110H EMA
BTC/USD chart – Trading View
Exchange – Coinbase
Support: 7102 (200H MA); Resistance: 7736 (50-DMA)
Technical Analysis: Bias Bearish
BTC/USD was trading in an extremely narrow range, with session high at 7332 and low at 7285.
The pair is holding support at 20-DMA (7235) and weakness only on break below.
Technical indicators are inconclusive and price action remains capped between 20 and 50 day MAs.
Major trend still is bearish as evidenced by the GMMA indicator. Stochastics RSI is at overbought and on verge of rollover.
The pair is extending sideways along 110H EMA and finds major support at 200H MA at 7102. Break below 200H MA negates any bullish bias.
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