BTC/USD 4H Chart: Tests resistance at 10924.3

Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralNeutralBuy
SAR(0.02;0.2)BuySellSell
Aggregate

During last week trading sessions, the Bitcoin cryptocurrency depreciated about 22.76% in value against the US Dollar.

The pair is currently testing a resistance cluster formed by the 200-hour simple moving average and the monthly pivot point at 10955.3.

If the resistance cluster holds, the BTC/USD pair could aim at the $8000 mark during next week's trading sessions.

However, if the BTC passes the resistance cluster as mentioned earlier, a surge towards the 12505.9 could be the target for bullish traders during the following trading sessions.

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