BTC/USD chart - Trading View
Exchange - Coinbase
Support: 8438 (20-DMA); Resistance: 8656 (200-DMA)
Technical Analysis: Bias turning Bullish
BTC/USD is struggling to break past 200-DMA which is stiff resistance at 8656.
Bullish bias building in the pair, break above could fuel further gains.
Stochs are sharply higher, 5-DMA has turned, MACD shows bullish crossover on signal line.
Price action is extending in sloping channel pattern and has bounced off channel base support.
Break above 200-DMA will see test of 23.6% Fib at 9156 ahead of 55-EMA at 9307.
On the flipside, rejection at 200-DMA and break below 20-DMA (8438) will see retest of channel base support (7340).


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