BTC/USD 4H Chart: Guided by 200-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuySellBuy
Aggregate

The 200-hour simple moving average is gradually guiding the Bitcoin cryptocurrency up against the US Dollar. The pair reached the 8224.4 area during yesterday's trading session.

As for the near future, it is likely that the BTC/USD pair will continue its movement in an uptrend line. The cryptocurrency could aim for a re-test of the $9000 mark during the following trading sessions.

However, a resistance level formed by the weekly R1 at 8561.87 could hinder the pair from aiming for the $9000 mark in the nearest future.

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