BTC/USD 4H Chart: Tests 50.00% Fibo

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)BuyNeutralSell
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)SellSellBuy
Aggregate⇒⇒⇒

[ANNOUNCE]The BTC/USD currency pair has appreciated about 41.3% in value since last week's trading sessions. The cryptocurrency hit the $13877 area on June 26. [/ANNOUNCE]

After hitting a resistance level formed by the monthly R3 at 13877.6, the Bitcoin cryptocurrency made a U-turn south.

Currently, the pair is testing a support level formed by the 50.00% Fibonacci retracement level at 10739.7. If the support level holds, the pair will continue its upside movement during the following trading session.

However, if the pair breaks the 50.00% Fibo, the next target for bearish traders will be at the 9623.7 regions.

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