BTC/USD chart - Trading View
Exchange - Coinbase
Support: 7947 (55 W EMA); Resistance: 8691 (5-DMA)
Technical Analysis: Bias Bearish
BTC/USD is extending weakness for the 3rd straight session, technical bias has turned bearish.
The pair was trading at 8538 at 03:45 GMT, after closing 1.47% lower in the previous session.
Price has shown a brief dip below 50-DMA support (8554) to hit session lows at 8490.
Technical studies support more downside. Volatility is rising as shown by widening Bollinger bands.
'Death Cross' (bearish 50-DMA cross-over on 200-DMA) and bearish MACD crossover on signal line to add to downside bias.
Dip till next major support at 55W EMA at 7947 likely. Further weakness only on break below.
5-DMA is immediate resistance at 8690. Break above 21-EMA will see minor upside. Bearish invalidation only above 200-DMA.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD downward momentum remains in place
Bitcoin Buckles at $73,500: Middle East Tensions and Weak Institutional Demand Set Bearish EMA Stack on $70K Collision Course
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 



