BTC/USD is hovering around 10-DMA on Tuesday at 8514 levels at the time of writing (Bitstamp).
On the topside, a consistent break above 8567 (10-DMA) would see the pair testing 8919 (4h 90-EMA)/9174 (200-DMA). Further strength would target 9494 (20-DMA)/9903 (4h 200-SMA)/10183 (90-EMA).
On the down side, a break below 8298 (2h 20-SMA) would target 8095 (4h 20-SMA)/ 7759 (161.8% retracement of 9260 and 116888). Further weakness would drag the pair to 7394 (trend line joining 5920 and 7325)/7000.
Momentum studies: On the daily chart, RSI is weak at 41, and MACD line is below the signal line, while stochs have rolled over from oversold levels.
Watch out for a decisive break above 10-DMA for scope for further upside.
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