BTC/USD is consolidating inside the cloud on Monday and is trading at 9631 levels at the time of writing (Bitstamp).

On the topside, resistance is likely to be found at 9922 (50-DMA) and a break above would see the pair testing 10146 (10-DMA)/10546 (90-EMA). Further strength would target 10977 (78.6% retracement of 11688 and 8366)/11577 (Cloud top)/12000.

On the down side, support is seen at 9449 (1h 20-SMA) and a break below would see it testing 9023 (200-DMA)/8602 (convergence of cloud bottom and trend line joining 5920.72 and 8366). Further weakness would drag it to 8366 (March 09 low)/8000/7759 (161.8% retracement of 9260 and 11688).

Momentum studies: On the daily chart, RSI is below 50, MACD line is below the signal line, while stochs have rolled over from overbought levels. Bearishness could be confirmed on a break below cloud.

Intraday bias appears bullish. A decisive break above 10117 (1h 200-SMA) would see further upside in the pair.

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