BTC/USD chart - Trading View
Exchange - Coinbase
Support: 9854 (55-EMA); Resistance: 11071 (21-EMA)
Technical Analysis: Bias Bearish
BTC/USD has edged higher from 13-day lows at 9857 and is currently trading at 10376 at 10:00 GMT.
The pair is showing scope for a potential 'hammer' formation on the daily charts raising scope for upside.
That said, price action has slipped below strong support at 21-EMA and technical indicators have turned bearish.
5-DMA is sharply lower and volatility is rising. Stochs and RSI are biased lower and RSI is well below 50, indicating strength in current downtrend.
Break below 55-EMA will see further weakness. Dip till 110-EMA at 8338 and then cloud top at 8519 likely.
Break below cloud will see further downside. Retrace above 21-EMA negates near-term bearish bias.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro- Major Crypto levels and bias summary
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro- Major Pair levels and bias summary
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: USD/ZAR sell bias remains below key resistance zone
ETH Cracks $2,100 in Bitcoin’s Wake as Bearish EMA Stack Deepens; Sellers Target $1,900 on Rallies
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD bulls continue to hold the higher ground
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
Bitcoin Buckles at $73,500: Middle East Tensions and Weak Institutional Demand Set Bearish EMA Stack on $70K Collision Course 



