BTC/USD 4H Chart: Likely to make slight upward movement

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Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)BuySellBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

The Bitcoin cryptocurrency has continued to decline against the US Dollar since last week's trading sessions. The currency pair has declined by 19.27% in value during this period.

Everything being equal, the BTC/USD cryptocurrency could make a slight upward movement towards a resistance cluster formed by the 200– period simple moving average and the weekly R1 at the 9612.23.

The cryptocurrency exchange rate could make a downside reversal from the resistance cluster, as mentioned above, during the following trading sessions.

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