| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The Bitcoin cryptocurrency has declined by 23.53% against the US Dollar since last week's trading sessions. The world's largest cryptocurrency by market cap tested the $40,000 mark on September 22.
Technical indicators suggest selling signals on the 4H and daily time-frame charts. Most likely, the BTC/USD pair could continue to edge lower during the following trading sessions.
However, if the $40K support level holds, buyers could pressure the exchange rate towards the $55K mark during the coming weeks.