BTC/USD chart - Trading View
Exchange - Coinbase
Support: 7525 (channel base); Resistance: 8185 (200H SMA)
Technical Analysis: Bias Bearish
BTC/USD has resumed weakness after the pair failed to break past stiff resistance at 200-DMA.
The pair was trading 1.90% lower on the day at 8085 at 04:15 GMT, bias bearish.
Major trend has been bearish as confirmed by the GMMA indicator. Minor trend has also shifted to bearish after rejection at 200-DMA.
Price action has slipped below 200H SMA and volatility is rising on the intraday charts.
The pair grinds lower in slopping channel pattern and we see scope for test of channel base at 7252.
5-DMA is immediate resistance at 8266. Breakout above will see minor upside. Bearish invalidation only above 200-DMA.


Bitcoin Consolidates Near $78K: Will Strong ETF Inflows Trigger a Breakout to $90K?
FxWirePro- Woodies Pivot (Major)
FxWirePro: EUR/NZD gaining momentum for a move towards 2.0100 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY slips as yen firms after hot Japan's wholesale inflation data
Major Currency Pair Scores: USD/CHF Signals Strong Bullish Momentum as NZD/USD Turns Heavily Bearish
EURUSD Holds Above 1.1600 Despite US CPI, Fed Rate Hike on the Horizon
EUR/USD Defies ECB Rate Hike to Reclaim 1.1600: Technical Setup Points to Buy-on-Dips Opportunity 



