Crypto Technicals: BTC/USD extends marginal gains above 5-DMA, scope for test of 21-EMA at 7873

BTC/USD chart - Trading View

Exchange - Coinbase

Support: 7344 (5-DMA); Resistance: 7873 (21-EMA)

Technical Analysis: Bias turning slightly bullish

BTC/USD is extending marginal gains on the day, holds above 5-DMA support.

The pair was trading 0.65% higher at 7481 at 04:30 GMT after closing 1.21% lower in the previous session.

Intraday bias is slightly bullish, 5-DMA has turned and Stochs and RSI have rollover over into neutral from oversold territory.

MACD is on verge of bullish crossover on signal line, which if completed will give an additional boost to interim bulls.

Scope for test of 21-EMA at 7873, break above will see next major hurdle at 55-EMA at 8398.

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