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BTC/USD Daily Chart: Could still edge higher

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

[ANNOUNCE]The Bitcoin cryptocurrency bounced off the support level at 47356.0 during last week's trading sessions. As a result, the world's largest cryptocurrency by market cap surged by 21.36%.[/ANNOUNCE]

All things being equal, buyers are likely to continue to drive the BTC/USD exchange rate higher during the following weeks. The potential target for bullish traders could be near the $70K mark.

However, a resistance level at 65600.0 could provide a barrier for bulls in the shorter term.

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