Crypto Technicals: BTC/USD holds 20-DMA support, bias neutral

BTC/USD chart - Trading View

Exchange - Coinbase

Support: 8238 (2H 200 SMA); Resistance: 8522 (21-EMA)

Technical Analysis: Bias neutral

BTC/USD extends trading in tight range with session high at 8420 and low at 8306.

The pair holds 20-DMA support on the downside, break below could see some weakness.

Volatility is extremely low and the pair is extending sideways along 200H SMA support (currently at 8314).

Major trend remains bearish as seen in the GMMA indicator, no major signs of reversal.

Technical indicators are inconclusive, RSI and Stochs are flat, RSI remains below 50 mark.

Next major support below 200H SMA lies 55W EMA at 7775. Violation at 55W EMA to see major weakness.

21-EMA is immediate resistance at 8523. Breakout at 200-DMA (8741) required for bearish invalidation.

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