| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇘ |
The BTC/USD exchange rate bounced off the $30K support level on July 21. As a result, the world's largest cryptocurrency by market cap has surged by 34% since last week's trading sessions.
Currently, the Bitcoin cryptocurrency is trading near the $40,000 mark resistance level.
If the blockchain breaks the resistance line, a surge towards the $50,000 area could be expected during the following trading sessions.
However, if the 40,000 resistance level holds, bears could continue to drive the price lower within this week's trading sessions.