| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The BTC/USD exchange rate is currently trading in a triangle formation. The pair is trading near the bottom border of the pattern at 10178.8 and could be preparing for a breakout.
If this breakout occurs, bearish traders could drive the Bitcoin cryptocurrency towards a support cluster, formed by the weekly S2 and the monthly S1 at the 8500 area during the following trading sessions.
On the other hand, the pair might continue its gradual upside movement and potentially breach both the 50-, 100– and 200-period simple moving averages in the short term future.