BTC/USD 4H Chart: Could target $20K

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

Actual Topics