BTC/USD 4H Chart: Hits $5400 mark

Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralSellNeutral
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)SellBuyBuy
Aggregate

The Bitcoin cryptocurrency has appreciated about 30.15% against the US Dollar since last week's trading session. The pair reached the $5400 mark during yesterday's trading session.

As for the near future, it is likely that the BTC/USD exchange rate makes a retracement down towards the $4600 area.

However, it is important to note that a support level formed by the weekly R3 at 4718.6 could provide support for the pair during the following trading sessions.

If the support level holds, the rate might aim for a re-tests of the $5400 mark in the short-term.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.