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Crypto Technicals: BTC/USD fails to close below $9000 mark, consolidates above 5-DMA ahead of next bullish leg

Wed, 19 Jun 2019, 06:45 am UTC

BTC/USD chart - Trading View

Exchange - Coinbase

Support: 9084 (5-DMA); Resistance: 10,000 (psychological level)

Technical Analysis: Bias Bullish

BTC/USD has resumed upside after a brief pause on Monday's trade.

The pair is holding marginal gains on the day, up 0.92% at 9162 at 06:25 GMT.

Correction failed to close below $9000 mark which is a bullish signal.

There are no major signs of reversal on the technical indicators on the intraday charts.

Upside has paused shy of 38.2% Fib at 9532 and break above could see test of 9948 (April 2018 high).

Close below $9000 mark will see dip till 8441 (21-EMA). Violation there could see further weakness.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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  • Bitcoin (BTC) $8,607.59 (-1.37%)
  • Ethereum (ETH) $165.85 (-1.93%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $339.56 (-0.47%)
  • Bitcoin SV (BSV) $286.73 (-9.43%)
  • Bitcoin (BTC) $8,607.59 (-1.37%)
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