Crypto Technicals: BTC/USD comatose below 200-DMA, break above to propel the pair higher

BTC/USD chart - Trading View

Exchange - Coinbase

Support: 8438 (20-DMA); Resistance: 8656 (200-DMA)

Technical Analysis: Bias turning Bullish

BTC/USD is struggling to break past 200-DMA which is stiff resistance at 8656.

Bullish bias building in the pair, break above could fuel further gains.

Stochs are sharply higher, 5-DMA has turned, MACD shows bullish crossover on signal line.

Price action is extending in sloping channel pattern and has bounced off channel base support.

Break above 200-DMA will see test of 23.6% Fib at 9156 ahead of 55-EMA at 9307.

On the flipside, rejection at 200-DMA and break below 20-DMA (8438) will see retest of channel base support (7340).

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