Bitcoin has been oscillating in a tight range with bearish bias. The critical support is created by weekly SMA50. BTC/USD is changing hands at $9,211 after a short-lived dip to the intraday low of $9,079. Bitcoin has stayed mostly unchanged both on a day-to-day basis and since the beginning of Friday as the market waits for the massive options expiry later during the day. The mrket capitalization of the first digital asset exceeded $169 billion, while its market share settled at 64.4%. BTC/USD: Technical picture Despite the recovery from the recent low, BTC/USD is still moving within the short-term bearish trend. The local resistance is created by 1-hour SMA50 currently at $9,250. Once it is out of the way, the upside is likely to gain traction with the next focus on $9,300 and $9,400. SMA100 and SMA200 located around this psychological barrier may slow down the recovery towards $9,500. Considering the flat RSI on the intraday charts, the coin may continue trading in a tight range ahead of the US opening. However, experts are getting ready for a potential increase of market volatility ahead of massive Bitcoin options and futures expiry. On the downside, $9,000 is still regarded as a pivotal point. While BTC/USD dived below this line on several occasions, each time the sell-off attracted new buyers and helped to push the price back inside the range. The next support is created by the weekly low of $9,899 with the ultimate backstop created by weekly SMA50 at $8,700. This barrier has been limiting the decline since the beginning of May, which means it may slow down the bears and serve as a starting point for the recovery. BTC/USD 1-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next USD/JPY: Further declines once below 106.60 FX Street 2 years Bitcoin has been oscillating in a tight range with bearish bias. The critical support is created by weekly SMA50. BTC/USD is changing hands at $9,211 after a short-lived dip to the intraday low of $9,079. Bitcoin has stayed mostly unchanged both on a day-to-day basis and since the beginning of Friday as the market waits for the massive options expiry later during the day. The mrket capitalization of the first digital asset exceeded $169 billion, while its market share settled at 64.4%. BTC/USD: Technical picture Despite the recovery from the recent low, BTC/USD is still moving within the short-term bearish… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.