| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
Since October 28, the Bitcoin cryptocurrency has depreciated about 33.03% in value against the US Dollar. The exchange rate was pressured down by the 50– period simple moving average during this period.
However, the currency pair bounced off the weekly S1 at 6434.37 during this week's trading sessions. The cryptocurrency is currently trading near the 7759.2 area.
By and large, the BTC/USD pair will most likely continue to edge higher during next week's trading session. The possible target will be at the $8500 mark.
Although, the 100– period SMA at 7950.8 could provide resistance for the cryptocurrency exchange rate in the short-term future.