BTC/USD chart - Trading View
Exchange - Coinbase
Support: 10163 (20-DMA); Resistance: 10820 (cloud base)
Technical Analysis: Bias Neutral to slightly bullish
BTC/USD trades rangebound on the day, struggles at stiff resistance at 50-DMA.
The pair is consolidating previous session's gains, bias is turning slightly bullish.
RSI has edged above 50 mark and MACD is on verge of bullish crossover on signal line.
5-DMA has turned and price action has broken above 20-DMA resistance.
Breakout at 50-DMA resistance eyes next major resistance at cloud base at 10820.
Failure at 50-DMA will see retrace till 200H SMA at 9866. Violation there to see further weakness.
