| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Buy | Neutral | Sell |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
[ANNOUNCE]Since January 10, the Bitcoin cryptocurrency has declined by 30.14% against the US Dollar. The currency pair breached the $30,000 area during the Asian session on Friday.
[/ANNOUNCE]
All things being equal, the blockchain is likely to continue to edge lower during the following trading sessions. The potential target for bearish traders would be near the $20,000 mark.
However, the lower line of a descending channel pattern could provide support for the BTC/USD cryptocurrency exchange rate in the short-term.