Crypto Technicals: BTC/USD holds 200-DMA support, bias remains bearish

BTC/USD chart - Trading View

Exchange - Coinbase

Support: 8333 (200-DMA); Resistance: 8658 (2H 21-EMA)

Technical Analysis: Bias Bearish

Bitcoin was trading in a narrow range in the Asian session today, bias remains bearish.

BTC/USD was trading at 8346, down 1.13% at the time of writing at 04:15 GMT.

The pair is extending consolidation around 200-DMA, decisive break below will see extension of weakness.

Momentum studies are strongly bearish. No signs of pullback in the pair.

Break below 200-DMA will see dip till 7715 (Trendline) ahead of 7231 (61.8% Fib).

Immediate resistance is seen at 2H 21-EMA at 8658, break above could see gains till 5-DMA at 9009.

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