Crypto Technicals: BTC/USD finds major hurdle at 200-DMA (8484), breakout will raise upside prospects

BTC/USD chart - Trading View

Exchange - Coinbase

Support: 8220 (200h SMA); Resistance: 8484 (200-DMA)

Technical Analysis: Bias neutral

BTC/USD is trading in a narrow range in the Asian session, bias remains neutral.

The pair has bounced off channel base support at 7700 mark, but is struggling to extend gains.

200-DMA (8484) is capping upside in the pair, only a breakout above could see further upside.

Price action has shown a break above 200H SMA and oscillators are on verge on rollover into neutral.

Breakout at 200-DMA with rollover in oscillators will confirm further gains.

Bull targets above 200-DMA align at 8969 (4H 110 EMA) ahead of 9118 (2H 200 SMA).

The pair is currently holding 5-DMA support (8282). Rejection at 200-DMA and breach below 5-DMA will see dip till channel base at 7535.

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