Crypto Technicals: BTC/USD edges lower from fresh 3-month highs, hovers around 38.2% Fib

BTC/USD chart - Trading View

Exchange - Coinbase

Technical Analysis: Bias Neutral

Support: 8875 (200-DMA); Resistance: 10000 (Psychological mark)

BTC/USD has erased gains on the day, slips lower from fresh 3-month highs at 9619 hit earlier today.

The pair was trading 0.57% higher at 9377 at around 04:55 GMT, intraday bias is neutral.

Price action is extending sideways for the past 6 days, is consolidating above 200-DMA.

Major and minor trend in the pair remain bullish as evidenced by GMMA indicator.

Oscillators are at overbought, but no major signs of reversal seen. Some consolidation likely before next leg higher.

Bias is likely to remain bullish as long as pair holds above 200-DMA. Next major hurdle on resumption of upside lies at 9815 (trendline) ahead of 10,000 mark.

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