# Crypto Technicals: BTC/USD rangebound in the Asian session, struggles at 200H MA

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/4429
Published: 2019-12-06T04:20:20.000Z
Updated: 2019-12-06T04:20:20.000Z
Section: Investing

> Support: 7231 (61.8% Fib); Resistance: 7421 (200H MA)

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

Exchange - Coinbase

Support: 7231 (61.8% Fib); Resistance: 7421 (200H MA)

Technical Analysis: Bias Bearish

BTC/USD has been trading rangebound in the Asian session, intraday bias remains neutral.

The pair was trading largely muted at 7364 at 04:15 GMT, after closing 2.70% higher in the previous session.

Major trend in the pair is bearish as shown by the GMMA indicator. Recovery attempts were capped at 21-EMA resistance (currently at 7632).

Technical indicators on the intraday charts are neutral to slightly bullish. Pair is holding above 5-DMA support (7312).

However, 200-DMA is stiff resistance at 7421. Price action is struggling to break above. Test of 21-EMA likely on successful breakout.

Major trend in the pair is bearish, Break above 21-EMA could see shift in near-term dynamics.

[TokenPost](<https://www.tokenpost.com/>) | info@tokenpost.com



## Links in this article

- [BTC/USD](https://www.tradingview.com/symbols/BTCUSD/)
- [TokenPost](https://www.tokenpost.com)