# FxWirePro: BTC/USD hovers around 5-DMA, consistent break above 1h 100-SMA to see minor upside By Shampa Mani Canonical URL: https://www.tokenpost.com/news/investing/329 Published: 2018-09-10T07:38:05.000Z Updated: 2018-09-10T07:38:05.000Z Section: Investing > (Refer BTC/USD chart on Trading View) BTC/USD managed to close above 78.6% fib retracement of 5880 and 7125.28 on September 9 after it fell to 6094. It is currently hovering around 5-DMA at 6324 at the time of writing… (Refer [BTC/USD]() chart on Trading View) BTC/USD managed to close above 78.6% fib retracement of 5880 and 7125.28 on September 9 after it fell to 6094. It is currently hovering around 5-DMA at 6324 at the time of writing (Bitstamp). The pair’s upside is currently capped by 6367 (1h 100-SMA) and a consistent break above would see it testing 6405 (23.6% retracement of 7411.85 and 6094.38)/6500. Further strength would target 6591 (2h 90-EMA)/6740 (10-DMA). On the downside, support is seen at 6207 (78.6% retracement of 5880 and 7125.28) and any violation would target 6158 (trend line joining 5774.72 and 5995.75)/6094 (September 9 low). Further weakness would drag it to 6000/5920 (February 6 low). Technical indicators are bearish on the daily chart and intraday charts. Watch out for a break above 1h 100-SMA for minor upside in the pair. ## Links in this article - [BTC/USD](https://www.tradingview.com/symbols/BTCUSD/)