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. >

  • PUBLISH (NEWS) $0.000552 (-15.69%)
  • Bitcoin (BTC) $26,246.30 (-1.25%)
  • Ethereum (ETH) $1,585.45 (-0.35%)
  • Tether USDt (USDT) $0.999730 (-0.05%)
  • BNB (BNB) $209.16 (-0.73%)
  • XRP (XRP) $0.498976 (-2.09%)
  • PUBLISH (NEWS) $0.000552 (-15.69%)
Jul 15, 2021 (Thursday)
13:30
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
12:06
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
10:25
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
02:13
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
02:00
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
09:03
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
02:30
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
02:30
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
21:31
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
06:17
SOBA Listed On LATOKEN
02:30
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.