| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The Bitcoin cryptocurrency has been depreciating gradually against the US Dollar since the end of June when the pair tested a resistance level formed by the weekly R1 at 1345.4.
Currently, the BTC/USD pair is testing a support cluster formed by the weekly pivot point and the 100-hour simple moving average at 10919.9. It is likely that bears could continue to drag the exchange rate lower during the following trading sessions.
If the given support cluster holds, it is expected that the blockchain could surge towards the $14000 mark in the nearest future.