| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Buy |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
Since the beginning of March, the Bitcoin cryptocurrency has declined by 53.65% in value against the US Dollar. The currency pair tested the $4000 mark at the end of last week's trading sessions.
The exchange rate bounced off from the bottom border of a descending channel pattern at 4513.00 at the beginning of this week's trading sessions. Most likely, the BTC/USD pair will continue to slide higher until it reaches the $7500 area.
However, a resistance cluster formed by the 100– hour simple moving average and the weekly S2 at 7062.77 could provide resistance for the currency exchange rate during the following trading sessions.