| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The Bitcoin cryptocurrency has depreciated by 7.41% in value against the US Dollar since November 29. The currency pair continued to trade in the descending channel pattern during the past two weeks.
As for the near future, the BTC/USD exchange rate will most likely continue to trade in the descending channel pattern. The potential target for bearish traders would be at the psychological level at the 64.00 zones.
Furthermore, technical indicators demonstrate that the cryptocurrency exchange rate will continue trading south during the following trading sessions.