| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
[ANNOUNCE]The Bitcoin cryptocurrency has depreciated about 21.82% in value against the US Dollar since September 22. The currency pair tested the lower boundary of a descending channel pattern at 7875.37 during last week's trading sessions.[/ANNOUNCE]
The 50– period simple moving average is currently providing resistance for the exchange rate at 8243.77.
If the resistance level holds, a decline towards the weekly S1 and the monthly S1 at 7195.57 could be expected during the following trading sessions.
However, if the BTC/USD pair breaks the 50-period SMA, bulls could push the price towards the monthly R1 at 9536.90 next week.