BTC/USD chart - Trading View
Exchange - Coinbase
Technical Analysis: Bias Neutral
GMMA Indicator: Major Trend - Bullish; Minor Trend - Neutral
Overbought/ Oversold Index: Neutral
Volatility: Shrinking
Support: 8350 (Trendline); Resistance: 9003 (200-DMA)
BTC/USD was trading largely rangebound on the day at 8717 at around 05:00 GMT, bias remains neutral.
The pair edged higher from session lows at 8465 in the previous session to close 1.08% higher at 8722.
Price action is however, struggling to extend recovery as 'Death Cross' on the hourly charts weighs.
That said, major and minor trend as evidenced by the GMMA indicator are bullish, scope for upside resumption.
Pullbacks in the pair has held above channel top (8350), retrace below will negate near-term bullish bias.
Upside in the pair finds stiff resistance at 200-DMA and breakout required for upside continuation.


Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: AUD/USD retreats slightly but trend is still bullish
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: GBP/USD bulls remain cautiously optimistic 



