Crypto Technicals: BTC/USD edges close to 12,000 mark, bounces off strong support at 20-DMA

BTC/USD chart - Trading View

Exchange - Coinbase

Support: 10817 (21-EMA); Resistance: 12,000 (Psychological level)

Technical Analysis: Bias Neutral

After trading extremely rangebound in the Asian session, BTC/USD has resumed upside.

The pair is edging closer to the $12,000 mark, trades 3.27% higher on the day at 11850 at 09:30 GMT.

The pair has largely ignored a 'Gravestone Doji' formation on the weekly charts.

Pullbacks have been shallow. The pair has failed to close below 20-DMA support. Weakness only on decisive break below.

Major trend in the pair is bullish and there are no major signs of reversal seen.

Major moving averages are biased higher. Little resistance seen till upper Bollinger band at 12837.

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