Crypto Technicals: BTC/USD holds above 5-DMA, potential 'Golden Cross' keeps scope for upside

BTC/USD chart - Trading View 

Exchange - Bitfinex

Support: 5425 (5-DMA); Resistance: 5650 (trendline)

Technical Analysis: Bias Bullish

- BTC/USD edges lower from new 2019 highs at 5690

- Upside is struggling stiff trendline resistance at 5650, breakout required for further upside

- Retrace from highs has found support at 1H 55-EMA. Pair is extending sideways from past few hours

- Momentum with the bulls, confirmed 'Golden Cross' on daily charts keeps scope for upside

- Price action is above major moving averages and daily cloud and is holding above 5-DMA

- Volatility is rising as evidenced by widening Bollinger bands and we see +ve DMI dominance

- Break above trendline resistance opens upside, scope for test of 61.8% Fib at 6041

- Break below 5-DMA will see dip till 21-EMA. Bullish invalidation below 200-DMA

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