Header logo
  1. Research
  2. Crypto Research
  3. Crypto Technical Analysis

BTC surges > 200-dma toward resistance at 9K – Daily RSI overbought

Apr 29, 2020 • 2 Min Read
Author
Robert Sluymer
Robert Sluymer

BTC recaptures a key technical threshold accelerating above its widely monitored 200-dma. BTC surged above a key resistance level at its 200-dma toward its next resistance near 9K coinciding with a 76.4% retracement of the Q1 decline and the early March highs at 9.2K.

Given daily RSI and the 4-hour RSI have now moved into overbought territory, our expectation is for a short-term pause pullback to develop with first support near 8K near the 200-dma and 62% retracement zone.

The image in this report is only accessible to members

Stepping back - The big picture: A broad basing profile rally from a longer-term rising uptrend - BTC’s ...

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Crypto subscription is required in order to access this content.

*Free trial available only on a monthly plan

Already a member?

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

Keep reading by starting your Free Trial today!

You are reading the last free article.

Already have an account? Sign In