BTC/USD 4H Chart: Tests resistance cluster

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
 MACD(12;26;9) Sell Buy Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Neutral Neutral
 Alligator(13;8;5) Sell Buy Sell
 SAR(0.02;0.2) Buy Buy Sell
 Aggregate

The BTC/USD pair is currently trading in an ascending trendline pattern. The pair tested the lower boundary of the uptrend pattern at 3700.0 during yesterday's trading session.

Given that the bitcoin cryptocurrency is trading in an uptrend pattern, and the 100-and 200-hour SMAs is below the price level, it is likely that the pair will continue moving north until it reaches a resistance level at the 4200.0 area.

However, a resistance cluster formed by the 50-hour simple moving average and the monthly PP at 3897.6 could hinder such bullish movement during the following trading sessions.

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