| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
Since the beginning of April, the Bitcoin cryptocurrency has surged by 16.86% against the US Dollar. The exchange rate was guided by an ascending channel pattern during this period.
As for the near future, the BTC/USD pair could continue to surge in the ascending channel pattern. Bullish traders could target the $8000 mark during next week's trading sessions.
However, a resistance level formed by the weekly R1 at the 7500.00 area could provide resistance for the currency exchange rate within this following trading sessions.