BTC/USD chart - Trading View
Exchange - Coinbase
Support: 7073 (55-EMA); Resistance: 8159 (20-DMA)
Technical Analysis: Bias Bearish
BTC/USD recovery from 3-week lows at 7427 lacks traction.
The pair is struggling to break above 21-EMA resistance, bias has turned bearish.
Price action has slipped below 4H 200-SMA and volatility is rising on the daily charts.
RSI has slipped below 50 mark on the daily charts and Stochs show bearish momentum.
Stochastics RSI on the weekly charts is at overbought levels. Stochs and RSI on the weekly charts are at overbought levels and on verge of a bearish rollover.
'Bearish Divergence' on RSI and Stochs on the daily charts keeps scope for weakness.
Scope for test of 55-EMA at 8159. Violation there will see next support at 38.2% Fib at 6812.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: USD/JPY edges higher but bulls lack punch
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
ETH Cracks $2,100 in Bitcoin’s Wake as Bearish EMA Stack Deepens; Sellers Target $1,900 on Rallies
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro- Major Crypto levels and bias summary
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: EUR/AUD downward momentum remains in place
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: GBP/NZD extends decline , vulnerable to more downside 



