| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
[ANNOUNCE]The Bitcoin cryptocurrency has been trading between the range of 8849.73/7809.23 against the US Dollar since the end of September. The 50– and 100– period SMAs was providing resistance for the pair at 8292.55 during the morning hours of Friday's session.
[/ANNOUNCE]
Everything being equal, the BTC/USD pair will likely edge lower within the following trading sessions. Bearish traders could target the lower boundary of a descending channel pattern at 7042.33.
However, the exchange rate will have to surpass the weekly S1 and S2 at 7809.23/7297.47 before reaching the given target.