BTC/USD is consolidating in a narrow range on Monday as its upside is being capped by a strong trend line resistance. It is currently trading at 9272 levels at the time of writing (Bitstamp).

On the upside, the pair is looking for a decisive break above 9368 (trend line joining 19666 and 9755.53) and a close above would target 9678 (61.8% retracement of 11688 and 6427.16)/9959 (200-DMA). Further strength would test 10231 (1w 20-SMA)/ 10562.

On the downside, support is seen at 9103 (Cloud top) and a break below would see the pair testing 8885 (3h 100-SMA)/8680 (2h 200-SMA). Further weakness would drag it to 8588 (20-DMA)/8127 (3h 200-SMA)/7739 (Cloud bottom).

Momentum studies: On the daily chart, the pair is holding above cloud, MACD line is above the signal line, RSI is at 59, and stochs are near overbought levels, suggesting bullish bias.

The pair is facing strong trend line resistance at 9368 and further bullishness could be confirmed only on a close above this level.

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