| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The Bitcoin cryptocurrency has surged by 11.45% against the US Dollar since September 5. The exchange rate tested the 200– period simple moving average at 11077.9 on September 16.
As for the near future, the BTC/USD cryptocurrency pair could continue to edge higher. A breakout through the upper boundary of a descending channel pattern is likely to occur during the following trading sessions.
However, the resistance level at 11077.9 could still provide a barrier for the cryptocurrency exchange rate in the shorter term.