# Crypto Technicals: BTC/USD fails to close below $9000 mark, consolidates above 5-DMA ahead of next bullish leg

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/2283
Published: 2019-06-19T06:45:01.000Z
Updated: 2019-06-19T06:45:01.000Z
Section: Investing

> Support: 9084 (5-DMA); Resistance: 10,000 (psychological level)

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

Exchange - Coinbase

Support: 9084 (5-DMA); Resistance: 10,000 (psychological level)

Technical Analysis: Bias Bullish

BTC/USD has resumed upside after a brief pause on Monday's trade.

The pair is holding marginal gains on the day, up 0.92% at 9162 at 06:25 GMT.

Correction failed to close below $9000 mark which is a bullish signal.

There are no major signs of reversal on the technical indicators on the intraday charts.

Upside has paused shy of 38.2% Fib at 9532 and break above could see test of 9948 (April 2018 high).

Close below $9000 mark will see dip till 8441 (21-EMA). Violation there could see further weakness.

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

## Links in this article

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