BTC/USD chart - Trading View
Exchange - Bitfinex
Resistance: 5370 (55W EMA); Support: 4617 (200-DMA)
Technical Analysis: Bias Slightly Bearish
- BTC/USD struggling to hold above 5000 mark
- Doji formation on previous week's candle raises scope for downside
- Stochs and RSI on the daily charts have rolled over from overbought levels
- MACD is on verge of a bearish crossover on signal line
- Recovery on daily charts capped at 5-DMA, decisive break above could see some upside
- Rejection at 5-DMA will see dip till 4871 (21-EMA). Further weakness eyes 200-DMA at 4617
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.