| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The Bitcoin cryptocurrency has declined by 26.12% against the US Dollar since last week's trading sessions. The world's biggest cryptocurrency reversed from a historical high at the $58000 mark on February 21.
All things being equal, the exchange rate could continue to edge lower during the following trading sessions. A breakout through the lower boundary of an ascending channel pattern could occur.
However, if the channel pattern holds, buyers are likely to target the $58000 mark during the following weeks.