Crypto Technicals: BTC/USD capped below daily cloud, intraday bias bullish

BTC/USD chart - Trading View

Exchange - Coinbase

Support: 10422 (50-DMA); Resistance: 10898 (cloud base)

Technical Analysis: Bias Slightly Bullish

BTC/USD was trading at 10582 at 05:20 GMT, intraday bias is slightly bullish.

RSI is above 50, Stochs are sharply higher. MACD is showing a bullish crossover on signal line.

Upside in the pair is capped below daily cloud base, breakout above will see further gains.

The pair has held support at 50-DMA (10421), retrace below will see weakness.

Volatility is high, 5-DMA is sharply higher and on verge of bullish breakout above 20-DMA.

Scope for test of trendline resistance at 11,155. Retrace below 5-DMA will see dip till 9340 (trendline).

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