BTC/USD chart - Trading View
Exchange - Coinbase
Support: 8196 (20-DMA); Resistance: 8601 (converged 21 and 55-EMA)
Technical Analysis: Bias neutral
BTC/USD trades 2.79% lower on the day at 8492 at 10:35 GMT.
The pair is extending sideways along 5-DMA, bias remains bearish.
Price action has slipped below 1H 200-SMA and the pair is consolidating the dip.
'Bearish divergence' seen on RSI and stochs which adds to the downside bias.
Immediate support is seen at 20-MA at 8197. Break below will see dip till 23.6% Fib at 7683.
Retrace above 1H 200-SMA could see minor gains. Test of Upper BB at 8823 likely.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


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