BTC/USD chart - Trading View
Exchange - Coinbase
Technical Analysis: Bias Bearish
Support: 9147 (Lower BB), 8622 (110-EMA), 8498 (50% Fib)
Resistance: 9956 (55-EMA), 10250 (5-DMA), 10571 (21-EMA)
BTC/USD extends weakness for the 4th straight session, trades 1.07% lower at 9735 at 09:30 GMT.
The pair has slipped below 55-EMA and daily cloud and bias is bearish.
RSI is well below 50 and biased lower. Stochs show bearish momentum.
MACD is biased lower and supports downside. Negative DMI dominance adds to the bearish bias.
Next bear target lies at lower Bollinger Band at 9147. Break below targets 110-EMA at 8622.
55-EMA is immediate resistance at 9956, break above 21-EMA required for a meaningful upside.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


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