Copy link
Increase text size
Decrease text size
Link copied

FxWirePro: BTC/USD bounces off 6000 support, break above 10-DMA to see minor bullishness

Mon, 13 Aug 2018, 07:29 am UTC

(Refer BTC/USD chart on Trading View)

BTC/USD is consolidating in a close range after it found support around 6000 levels over the weekend.

The pair is struggling to break above 6500 and is currently trading at 6418 levels at the time of writing (Bitstamp).

On the upside, a decisive break above 6563 (10-DMA) would see the pair testing 6639 (4h 55-EMA)/6730 (3h 90-EMA)/6782 (Cloud top). Further strength would test 6917 (50-DMA)/7000.

On the downside, support is seen at 6282 (1h 50-SMA) and any violation would see the pair testing 6000/5920 (February 6 low). Further weakness would drag it to 5780 (June 24 low).

Momentum Studies: On the daily chart, the pair is trading above 5-DMA, RSI is showing a turn from near oversold levels, and stochs are in the oversold region suggesting there could be minor pullbacks in the pair.

A break above 10-DMA could see minor bullishness in the pair and trend reversal could be confirmed on a decisive break above cloud.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,644.14 (-1.82%)
  • Ethereum (ETH) $259.68 (+1.92%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $402.15 (-1.25%)
  • Bitcoin SV (BSV) $306.76 (+10.14%)
  • Bitcoin (BTC) $9,644.14 (-1.82%)
Feb 17, 2020 (Monday)
13:34
Fullerton Markets adds support for cryptocurrency deposits and withdrawals
13:02
Crypto asset custodian Copper raises $8M in Series A round
12:06
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:05
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:58
CFTC sues Colorado resident with fraud in crypto-related Ponzi scheme
11:22
Crypto Technicals: ETH/USD slips below 5-DMA, 'Golden Cross' to limit downside
11:15
Central Bank of The Bahamas to roll out CBDC in H2 2020
10:45
Stellar Development Foundation joins Blockchain Association
10:21
Dubai Multi Commodities Centre to launch blockchain-based sugar trading platform
10:20
Crypto Technicals: BTC/USD holds 21-EMA support, break below could see further weakness
09:22
Binance applied for an operating license in Singapore, CEO confirms
07:23
IOHK establishes new research lab at University of Wyoming
06:53
Chinese forex regulator SAFE’s blockchain cross-border financing pilot continues expansion
05:14
Blockchain social media platform Steemit to migrate to TRON network
Feb 14, 2020 (Friday)
13:11
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:11
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:24
Israel’s stock exchange partners with Edinburgh-based startup for its Blockchain Securities Lending platform
11:48
Blockchain insurance startup B3i completes 30 reinsurance contracts on its platform
11:47
Crypto Technicals: TRON (TRX) confirms 'Golden Cross' on the daily charts, eyes 61.8% Fib at 0.0297
11:04
Crypto investment firm Galaxy Digital lays off 15% of its workforce
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft