| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇗ |
The Bitcoin cryptocurrency has surged by 10.50% against the US Dollar since October 2. The currency pair tested the upper boundary of an ascending channel pattern at 11678.4 on October 12.
Technical indicators flash buying signals on the 4H, daily and weekly time-frame charts. Most likely, bulls could continue to dominate the market during the following trading sessions.
However, the weekly resistance level at 11678.4 could provide resistance for the cryptocurrency exchange rate in the shorter term.