BTC/USD Daily Chart: Two scenarios likely

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)SellSellSell
Aggregate

The Bitcoin cryptocurrency continued to trade below the $60,000 mark since last week's trading sessions.

Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, bearish traders are likely to pressure the BTC/USD exchange rate lower during this week's trading sessions.

However, if the cryptocurrency exchange rate breaks the resistance level at the 65,000 area, buyers could target the $75,000 level in the next few weeks.

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