BTC/USD chart - Trading View
Exchange - Coinbase
Technical Analysis: Bias Bullish
GMMA Indicator: Major Trend - Bullish; Minor Trend - Bullish
Overbought/ Oversold Index: Overbought
Volatility: High and Rising
Support: 10215 (5-DMA); Resistance: 10540 (Oct 26th high)
After packing a 30.27% gain in January month, BTC/USD has clocked over 11% gains in the current month till date.
Bitcoin bulls remain in control. The pair largely ignores overbought oscillators and is grinding higher.
BTC/USD was trading 0.83% higher on the day at 10437 at around 04:15 GMT, after closing 0.79% higher in the previous session.
Breakout above sloping channel and 200-DMA reinforce bullish bias. A potential 'Golden Cross' (bullish 50-DMA crossover on 200-DMA) will add to bullish bias.
Corrections, if any, on account of oversold oscillators likely to be shallow. Bullish invalidation only below 200-DMA.
Next major bull target lies at 61.8% Fib at 11,026. Hurdles on the way align at 10540 (Oct 26th high), 10618 (Upper BB) and 10939 (Sept 6th high).


EURUSD Holds Above 1.1600 Despite US CPI, Fed Rate Hike on the Horizon
FxWirePro: USD/ZAR bearish again as upside bias reverses
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD firms slightly, but downward resumption looks likely
FxWirePro- Major Crypto levels and bias summary
JPY Major Currency Score: All Bearish 



