BTC/USD 4H Chart: Could target $40K

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

The Bitcoin cryptocurrency has surged by 17.30% against the US Dollar since this week's trading sessions. The world's biggest cryptocurrency tested the $36000 level on June 29.

Technical indicators suggest selling signals on the daily time-frame chart. The exchange rate could edge lower during this week's trading sessions.

However, the BTC/USD cryptocurrency exchange rate might target the $40,000 mark this week.

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