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, retrace above 200-DMA to see more upside - EconoTimes)
BTC/USD chart - Trading View
Exchange - Coinbase
Support: 8241 (5-DMA); Resistance: 9160 (21-EMA)
Technical Analysis: Bias Neutral, turning slightly bullish
BTC/USD has bounced off channel base support at 7700 raising scope for further upside.
The pair is extending previous sessions gains, was trading at 8444, up 1.68% at 03:50 GMT.
Stochs and RSI are on verge of rollover from oversold levels and 5-DMA is showing a turn higher.
Price action hovers around 200-DMA at 8441. Break above will see extension of upside.
Next major resistance above 200-DMA lies at 9160 (nearly converged 21-EMA and 23.6% Fib).
5-DMA is immediate support at 8241. Rejection at 200-DMA and break below 5-DMA will see dip till channel base at 7585.
