# Crypto Technicals: BTC/USD halts downside, 'Death Cross' on hourly charts could limit gains

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/5015
Published: 2020-02-05T06:33:28.000Z
Updated: 2020-02-05T06:33:28.000Z
Section: Investing

> GMMA Indicator: Major Trend - Bullish; Minor Trend - Neutral

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

Exchange - Coinbase

Technical Analysis: Bias Neutral

GMMA Indicator: Major Trend - Bullish; Minor Trend - Neutral

Overbought/ Oversold Index: Neutral

Volatility: High

Support: 8954 (20-DMA); Resistance: 9282 (5-DMA)

BTC/USD has halted downside of 3 consecutive sessions, bias remains neutral.

The pair was trading 1.14% higher on the day at 9270 at around 06:15 GMT.

Major trend is bullish. 5-DMA is capping upside at 9283, close above could see further gains.

That said, 'Death Cross' (bearish 50-DMA crossover on 200-DMA) on the hourly charts likely to limit gains.

Major support lies at 200-DMA at 8860. Violation at 200-DMA will open further downside. Dip till 110-EMA at 8336 then likely.

Decisive break above 5-DMA finds next major hurdle at 9700 (Trendline) ahead of 10,000 mark.

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## Links in this article

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