The Bitcoin cryptocurrency has surged by 18.99% against the US Dollar since this week's trading sessions. The exchange rate was guided by an ascending channel pattern.
Technical indicators suggest buying signals on both the smaller and the larger time-frame charts. Therefore, the BTC/USD currency pair could continue to surge in the ascending channel pattern during next week's trading sessions.
However, the weekly resistance level at 9726.6 could provide resistance for the cryptocurrency exchange rate in the shorter term.