BTC/USD is trading in a narrow range on Tuesday and it hovers around 10-DMA at 10285 levels at the time of writing (Bitstamp).

On the topside, the pair is likely to face resistance at 10593 (50-DMA) and a break above would target 10910 (trend line joining 19666 and 17234)/11171 (38.2% retracement of 19666 and 5920.72). Further strength would target 11512 (Cloud bottom)/11645 (Upper Bollinger)/12161 (100-DMA).

On the downside, support is seen at 10226 (1h 20-SMA) and a break below would target 9991 (4h 90-EMA)/9750 (20-DMA). Further weakness would drag the pair to 9349 (61.8% retracement of 2972.01 and 19666)/9000/ 8622 (200-DMA).

Momentum studies: The pair is extremely rangebound on Tuesday and continues trading in a downward sloping channel. Bias appears neutral on the daily chart and traders are preferred to wait for a clear directional bias.

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