Crypto Technicals: BTC/USD rangebound at 50-DMA resistance (10394), breakout will see further gains

BTC/USD chart - Trading View

Exchange - Coinbase

Support: 10163 (20-DMA); Resistance: 10820 (cloud base)

Technical Analysis: Bias Neutral to slightly bullish

BTC/USD trades rangebound on the day, struggles at stiff resistance at 50-DMA.

The pair is consolidating previous session's gains, bias is turning slightly bullish.

RSI has edged above 50 mark and MACD is on verge of bullish crossover on signal line.

5-DMA has turned and price action has broken above 20-DMA resistance.

Breakout at 50-DMA resistance eyes next major resistance at cloud base at 10820.

Failure at 50-DMA will see retrace till 200H SMA at 9866. Violation there to see further weakness.

TokenPost | [email protected]