Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: BTC/USD rangebound around 200H MA, retrace below channel top could drag the pair lower

Tue, 21 Jan 2020, 04:33 am UTC

BTC/USD chart - Trading View

Exchange - Coinbase

Technical Analysis: Bias Neutral

Support: 8435 (Channel top); Resistance: 9015 (200-DMA)

BTC/USD was trading marginally higher on the day at 8650, up 0.25% at around 03:50 GMT.

The pair paused downside and is currently hovering around 200H MA, bias remains neutral.

Major trend has shifted to bullish with turn in long-term moving averages. Near-term trend is neutral.

Upside in the pair was rejected at 200-DMA and breakout required for upside continuation.

Overbought oscillators are resulting in minor corrections in the pair. No major signs of reversal seen.

Price action holds above channel top (resistance turned support at 8435). Retrace below will see drag till 21-EMA at 8254.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $13,094.80 (-0.31%)
  • Ethereum (ETH) $409.18 (-1.08%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $271.89 (-0.89%)
  • Chainlink (LINK) $12.33 (-2.76%)
  • Bitcoin (BTC) $13,094.80 (-0.31%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft