BTC/USD 4H Chart: Targets at 7043.33

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralBuy
Alligator(13;8;5)SellSellNeutral
SAR(0.02;0.2)BuySellSell
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.

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