# Crypto Technicals: BTC/USD grinds higher above $10,000, overbought oscillators have little impact

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/5105
Published: 2020-02-13T04:34:57.000Z
Updated: 2020-02-13T04:34:57.000Z
Section: Investing

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

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

Exchange - Coinbase

Technical Analysis: Bias Bullish

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

Overbought/ Oversold Index: Overbought

Volatility: High and Rising

Support: 10215 (5-DMA); Resistance: 10540 (Oct 26th high)

After packing a 30.27% gain in January month, BTC/USD has clocked over 11% gains in the current month till date.

Bitcoin bulls remain in control. The pair largely ignores overbought oscillators and is grinding higher.

BTC/USD was trading 0.83% higher on the day at 10437 at around 04:15 GMT, after closing 0.79% higher in the previous session.

Breakout above sloping channel and 200-DMA reinforce bullish bias. A potential 'Golden Cross' (bullish 50-DMA crossover on 200-DMA) will add to bullish bias.

Corrections, if any, on account of oversold oscillators likely to be shallow. Bullish invalidation only below 200-DMA.

Next major bull target lies at 61.8% Fib at 11,026. Hurdles on the way align at 10540 (Oct 26th high), 10618 (Upper BB) and 10939 (Sept 6th high).

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## Links in this article

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