BTC/USD chart - Trading View
Exchange - Coinbase
Support: 7004 (5-DMA); Resistance: 7278 (21-EMA)
Technical Analysis: Bias Neutral
BTC/USD was trading 2.12% lower on the day at 7131 at 05:25 GMT, bias neutral.
The pair bounced off trendline support on Wednesday's trade, but upside was capped at 21-EMA.
Failure to close above 21-EMA has sent the pair sideways. Some consolidation likely above 200H MA.
Scope for more upside as oscillators and Stochastics RSI rollover from oversold levels.
The pair finds stiff resistance at 4H 200 MA. Break above could see gains till 55-EMA at 7794.
