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BTC/USD Daily Chart: Bounces off support

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

[ANNOUNCE]The Bitcoin plummeted by 24.67% against the US Dollar during last week's trading sessions. The world's biggest cryptocurrency by market cap found support at the 47,000.0 level on April 27.[/ANNOUNCE]

The blockchain bounced off the support line at the $47,000.0 mark during this week's trading sessions. Most likely, buyers are likely to pressure the BTC/USD exchange rate higher during the following weeks.

The potential target for bullish traders could be near the $75k level. However, bulls might encounter resistance near the 64078.1 area in the nearest future.

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