Crypto Technicals: BTC/USD slips below 55-EMA and cloud support, next bear target 9147

BTC/USD chart - Trading View

Exchange - Coinbase

Technical Analysis: Bias Bearish

Support: 9147 (Lower BB), 8622 (110-EMA), 8498 (50% Fib)

Resistance: 9956 (55-EMA), 10250 (5-DMA), 10571 (21-EMA)

BTC/USD extends weakness for the 4th straight session, trades 1.07% lower at 9735 at 09:30 GMT.

The pair has slipped below 55-EMA and daily cloud and bias is bearish.

RSI is well below 50 and biased lower. Stochs show bearish momentum.

MACD is biased lower and supports downside. Negative DMI dominance adds to the bearish bias.

Next bear target lies at lower Bollinger Band at 9147. Break below targets 110-EMA at 8622.

55-EMA is immediate resistance at 9956, break above 21-EMA required for a meaningful upside.

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