| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The Bitcoin cryptocurrency has appreciated by 21.70% in value against the US Dollar since the beginning of January. The exchange rate tested the upper boundary of an ascending channel pattern at 8496.3 on January 10.
The weekly R2 and the monthly R1 is currently providing support for the pair at 7856.1.
If the support cluster holds, the bitcoin cryptocurrency will most likely continue to trade bullish during the following trading sessions.
However, of the BTC/USD pair breaks the support levels, a decline towards the bottom border of the ascending channel pattern could be expected within next week's trading sessions.