BTC/USD chart - Trading View
Exchange - Coinbase
Technical Analysis: Bias Bullish
GMMA Indicator: Major Trend - Bullish; Minor Trend - Bullish
Overbought/ Oversold Index: Overbought
Volatility: High and Rising
Support: 9518 (5-DMA); Resistance: 10000 (Psychological mark)
BTC/USD was trading rangebound on the day at 9775 at around 07:55 GMT, bias remains bullish.
The pair closed 1.55% higher in the previous session and is extending gains for the 3rd straight session.
Price action has retraced brief dip below 200H MA and is on track to extend gains. Volatility is rising as evidenced by widening Bollinger bands.
Sloping channel breakout supports upside. Scope for test of 61.8% Fib retracement at $11026.
Overbought oscillators could cause minor corrections. Major trend reversal only below 8000 mark.


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