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, 'Death Cross' keeps scope for weakness - EconoTimes)
BTC/USD chart - Trading View
Exchange - Coinbase
Support: 9107 (200-DMA); Resistance: 9282 (200H SMA)
Technical Analysis: Bias neutral
BTC/USD trades rangebound at the beginning of the weeks trade, bias remains neutral.
Price action is pivotal around 200-DMA support at 9107, break below could plummet prices.
'Death Cross' formation (bearish 50-DMA crossover on 200-DMA) keeps scope for weakness.
Major trend slips in sloping channel pattern. Breach below 200-DMA will buoy Bitcoin bears.
Violation at 200-DMA will see dip till 50-DMA at 8706 ahead of 4H 200 SMA at 8454.
Bounce off 200-DMA finds next major hurdle at channel top at 9740. Channel breakout will fuel further gains.
Major resistance above channel top lie at 20W SMA at 9,816, 10,000 (psychological level) and 10582 (50% Fib).
