BTC/USD 4H Chart: Moving towards target

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
 MACD(12;26;9) Buy Buy Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Neutral Neutral
 Alligator(13;8;5) Buy Buy Sell
 SAR(0.02;0.2) Sell Buy Sell
 Aggregate

Upside risks dominated the Bitcoin cryptocurrency against the US Dollar during the past week. The pair appreciated by about 418 base points during the last five days of trading.

As for the near future, it is likely that the BTC/USD pair continues its upward movement and potential hit the 4300 mark. Meanwhile, technical indicators flash mix signals.

Though, the crypto-coin could reverse from the current price level at 3976 and aim for the 50-hour simple moving average at 3790 during the following trading sessions.

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