Crypto Technicals: BTC/USD recovery attempts rejected at 21-EMA, bearish bias builds on intraday charts

BTC/USD chart - Trading View 

Exchange - Coinbase

Technical Analysis: Bias Bearish

Support: 9972 (55-EMA), 9339 (Lower BB), 8606 (110-EMA)

Resistance: 10455 (5-DMA), 10675 (21-EMA), 10970 (20-DMA)

BTC/USD trades 2.55% weaker on the day at 10060 at 08:20 GMT.

Recovery attempts in the pair have fizzled out at 21-EMA which is strong resistance.

The pair is extending weakness for the 3rd straight session, intraday bias is turning bearish.

Price action is currently holding support at 55-EMA at 9972. Break below will see further weakness.

Technical indicators on the intraday charts support weakness. RSI has slipped below 50 and Stochs show bearish momentum.

Break below 55-EMA will see dip till 110-EMA at 8605 ahead of 50% Fib at 8498.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.