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Crypto Technicals: BTC/USD struggles to hold break above $10,000, finds stiff resistance at 50-DMA

BTC/USD chart - Trading View 

Exchange - Coinbase

Support: 9509 (cloud top); Resistance: 10,000

Technical Analysis: Bias Bearish

BTC/USD is struggling to hold gains above $10,000 mark, bias is bearish.

The pair has slipped lower from session highs at 10,027 and is currently trading at 9770 at 09:50 GMT.

Price action finds stiff resistance at 50-DMA at 9968. Decisive breakout above could see further upside.

Technical studies have turned bearish. Scope for weakness. Cloud offers strong support. Break below will resume downside.

Next major support lies at 110-EMA at 8414 ahead of 61.8% Fib at 7231.

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

By Anupama Grandhi
  • Market Data
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