BTC/USD chart - Trading View
Exchange - Coinbase
Support: 7073 (55-EMA); Resistance: 8159 (20-DMA)
Technical Analysis: Bias Bearish
BTC/USD recovery from 3-week lows at 7427 lacks traction.
The pair is struggling to break above 21-EMA resistance, bias has turned bearish.
Price action has slipped below 4H 200-SMA and volatility is rising on the daily charts.
RSI has slipped below 50 mark on the daily charts and Stochs show bearish momentum.
Stochastics RSI on the weekly charts is at overbought levels. Stochs and RSI on the weekly charts are at overbought levels and on verge of a bearish rollover.
'Bearish Divergence' on RSI and Stochs on the daily charts keeps scope for weakness.
Scope for test of 55-EMA at 8159. Violation there will see next support at 38.2% Fib at 6812.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro- Major Crypto levels and bias summary
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro: GBP/USD recovers but bears are not done yet again
Bitcoin on Edge: Geopolitical Tensions Weigh on BTC as Bulls Eye the USD 64,000 "Buy the Dip" Zone
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro: EUR/AUD eases slightly but trend is still bullish
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro: USD/CNY gains some ground but bearish outlook persists
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm 



