Crypto Technicals: BTC/USD 21-EMA breakout buoys near-term bulls, next major hurdle at 55-EMA (7736)

BTC/USD chart - Trading View

Exchange - Coinbase

Support: 7319 (5-DMA); Resistance: 7736 (55-EMA)

Technical Analysis: Bias bullish

BTC/USD spiked past 21-EMA resistance on Sunday, December 22nd trade.

The pair closed 5.18% higher at 7513 on 22nd and is currently extending previous session's gains.

BTC/USD was trading 1.15% higher at 7597 at 04:00 GMT, intraday bias has turned bullish.

Momentum has turned bullish, RSI is now above 50 mark and biased higher, volatility is also rising.

The pair finds next major hurdle at 55-EMA at 7735, break above 55-EMA to see further gains.

5-DMA is immediate support at 7313. Retrace below 21-EMA will negate any bullish bias.

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