# Crypto Technicals: BTC/GBP pivotal at 1H 200-SMA (6123), weakness likely on break below

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/1945
Published: 2019-05-22T12:07:09.000Z
Updated: 2019-05-22T12:07:09.000Z
Section: Investing

> Support: 6123 (1H 200-SMA); Resistance: 7040 (Upper BB)

[BTC/GBP](<https://www.tradingview.com/symbols/BTCGBP/>) chart - Trading View

Exchange - Coinbase

Support: 6123 (1H 200-SMA); Resistance: 7040 (Upper BB)

Technical Analysis: Bias Neutral

BTC/GBP trades in the red for the 3rd straight session, hovers around 5-DMA.

The pair trades with a bullish bias, no major signs of reversal noticed.

Bearish RSI divergence and Oscillators at overbought zone raise scope for pullback.

Strong support seen at 1H 200-SMA, break below will see some weakness.

Break below 6123 (1H 200-SMA) will see weakness till 61.8% Fib at 5716.

Bounce off 5-DMA support eyes Upper Bollinger band at 7040.

For details on FxWirePro's Currency Strength Index, visit [http://www.fxwirepro.com/currencyindex](<http://www.fxwirepro.com/currencyindex>).

## Links in this article

- [BTC/GBP](https://www.tradingview.com/symbols/BTCGBP/)
- [http://www.fxwirepro.com/currencyindex](http://www.fxwirepro.com/currencyindex)