Crypto Technicals: BTC/USD capped below 5-DMA, 'Symmetric Triangle' breach to provide clear directional bias

BTC/USD chart - Trading View

Exchange - Coinbase

Support: 9950 (Trendline); Resistance: 10570 (50-DMA)

Technical Analysis: Bias slightly bearish

BTC/USD is trading in a narrow range, down 0.74% on the day at 10,096 at 04:45 GMT.

Price action is capped below 5-DMA and daily cloud, bias is slightly bearish.

The pair trades in a 'Symmetric Triangle' pattern, finds strong support at 9950 (Triangle base).

Technical indicators are slightly bearish. Volatility is rising on the intraday charts.

Breach at 'Triangle base' will plummet prices. Scope then for test of 110-EMA at 9530.

On the flipside, 5-DMA is immediate resistance at 10375. Breakout above cloud negates bearish bias.

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