| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The 50– day simple moving average provided resistance for the BTC/USD cryptocurrency pair during last week's trading sessions. As a result, the Bitcoin cryptocurrency has declined by 11% against the US Dollar since last week.
The blockchain was trading near the $30,000 mark during the Asian session on Wednesday.
If the BTC/USD pair breaks the $30,000 level, a decline towards the $25,000 mark could be expected during the following trading sessions.
However, if the support level near the $30K mark holds, buyers might target the 200– day SMA at $45,000 during the coming weeks.