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Crypto Technicals: BTC/USD trades in narrow range, recovery capped at 110-EMA

BTC/USD chart - Trading View 

Exchange - Coinbase

Support: 9001 (20-DMA); Resistance: 9097 (110-EMA)

Technical Analysis: Bias Neutral

BTC/USD was trading in an extremely narrow range in early Monday's trade, bias remains neutral.

The pair has bounced off 200H SMA support on Friday's trade, price has edged above 55-EMA.

Upside remains capped at stiff resistance at 110-EMA (9095) and 200H SMA (9132). Break above required for further upside.

GMMA indicator shows a bullish shift in bias on the hourly charts. Short-term MAs have crossed above long-term MAs.

Major trend remains neutral. Break above 200-DMA currently at 9239 could see more bullishness.

Breakout at 200-DMA and cloud eyes 20W SMA at 9721 ahead of 38.2% Fib at 9806. On the flipside, break below daily cloud negates any bullish bias. 
 

By Anupama Grandhi
  • Market Data
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