# Crypto Technicals: BTC/USD capped at 200-DMA (8633), break above will propel the pair higher

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/3741
Published: 2019-10-10T04:04:54.000Z
Updated: 2019-10-10T04:04:54.000Z
Section: Investing

> Support: 8508 (20-DMA); Resistance: 8633 (200-DMA)

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

Exchange - Coinbase

Support: 8508 (20-DMA); Resistance: 8633 (200-DMA)

Technical Analysis: Bias Bullish

BTC/USD spiked higher on Wednesday's trade to close at 2-week highs.

Major trend still remains bearish, but intraday bias is turning bullish.

Stochs are biased higher and MACD shows bullish crossover on signal line.

Price action has tested 200-DMA which is offering stiff resistance at 8633.

Decisive break above 200-DMA will propel the pair higher. Next bull target lies at 23.6% Fib at 9156.

Rejection at 200-DMA and break below 5-DMA will see resumption of weakness.

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## Links in this article

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