| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The BTC/USD currency pair appreciated about 19.21% in value during last week's trading sessions. The pair was guided up by the 50– and 100-hour simple moving averages.
Currently, the Bitcoin cryptocurrency is testing a support cluster formed by the weekly and the monthly PPs at 1129.5.
If the support cluster holds, a surge towards the 14406.6 is likely to occur during next week's sessions.
However, if the exchange rate passes the cluster as mentioned above, the blockchain might continue to edge lower in the nearest future.