BTC/USD 4H Chart: Tests 50.00% Fibo

Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)BuyNeutralSell
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)SellSellBuy
Aggregate

The BTC/USD currency pair has appreciated about 41.3% in value since last week's trading sessions. The cryptocurrency hit the $13877 area on June 26. 

After hitting a resistance level formed by the monthly R3 at 13877.6, the Bitcoin cryptocurrency made a U-turn south.

Currently, the pair is testing a support level formed by the 50.00% Fibonacci retracement level at 10739.7. If the support level holds, the pair will continue its upside movement during the following trading session.

However, if the pair breaks the 50.00% Fibo, the next target for bearish traders will be at the 9623.7 regions.

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.