BTC/USD tests $65K mark

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

The Bitcoin cryptocurrency has declined by 11.48% against the US Dollar since October 20. The blockchain retraced from the previous all-time high at the $65K mark last week.

Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, the world's largest crypto by market cap could make a retracement towards the $52K level during the following trading sessions.

On the other hand, the BTC/USD cryptocurrency exchange rate could reverse from the current price level at $60K and target the 75,000.0 level during the coming weeks.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.