Crypto Technicals: BTC/USD turns bearish below 55-EMA, eyes 38.2% Fib at 9765

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Crypto Technicals: BTC/USD turns bearish below 55-EMA, eyes 38.2% Fib at 9765

BTC/USD chart – Trading View

Exchange – Coinbase

Support: 9765 (38.2% Fib); Resistance: 10294 (55-EMA)

Technical Analysis: Bias Bearish

BTC/USD bias turns bearish as the pair slips below 55-EMA on Tuesday’s trade.

Recovery attempts in the early Asian session were capped below 100-DMA (10300).

Technical indicators support weakness. MACD is on verge of bearish crossover on signal line.

RSI has slipped below 50 mark and Stochs are biased lower after rollover from overbought levels.

Bears eye 38.2% Fib retracement at 9765. Further weakness will see dip till trendline support at 9410.

Retrace above 55-EMA will negate near-term bearish bias.

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