Crypto Technicals: BTC/USD halts downside, 'Death Cross' on hourly charts could limit gains

BTC/USD chart - Trading View

Exchange - Coinbase

Technical Analysis: Bias Neutral

GMMA Indicator: Major Trend - Bullish; Minor Trend - Neutral

Overbought/ Oversold Index: Neutral

Volatility: High

Support: 8954 (20-DMA); Resistance: 9282 (5-DMA)

BTC/USD has halted downside of 3 consecutive sessions, bias remains neutral.

The pair was trading 1.14% higher on the day at 9270 at around 06:15 GMT.

Major trend is bullish. 5-DMA is capping upside at 9283, close above could see further gains.

That said, 'Death Cross' (bearish 50-DMA crossover on 200-DMA) on the hourly charts likely to limit gains.

Major support lies at 200-DMA at 8860. Violation at 200-DMA will open further downside. Dip till 110-EMA at 8336 then likely.

Decisive break above 5-DMA finds next major hurdle at 9700 (Trendline) ahead of 10,000 mark.