BTC/USD Daily Chart: Decline likely to continue

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

During the past two weeks, the Bitcoin cryptocurrency has plummeted by 46.65% against the USDT. The world's largest digital currency by market cap tested the $30K mark last week.

All things being equal, the BTC/USD currency pair is likely to continue to trend bearish during the following trading sessions. Bearish traders could target the $20,000.

However, a support level at the 30,000.00 mark could provide support for the cryptocurrency exchange rate this week.

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