BTC/USD chart - Trading View
Exchange - Coinbase
Support: 8220 (200h SMA); Resistance: 8484 (200-DMA)
Technical Analysis: Bias neutral
BTC/USD is trading in a narrow range in the Asian session, bias remains neutral.
The pair has bounced off channel base support at 7700 mark, but is struggling to extend gains.
200-DMA (8484) is capping upside in the pair, only a breakout above could see further upside.
Price action has shown a break above 200H SMA and oscillators are on verge on rollover into neutral.
Breakout at 200-DMA with rollover in oscillators will confirm further gains.
Bull targets above 200-DMA align at 8969 (4H 110 EMA) ahead of 9118 (2H 200 SMA).
The pair is currently holding 5-DMA support (8282). Rejection at 200-DMA and breach below 5-DMA will see dip till channel base at 7535.
