| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The Bitcoin cryptocurrency has depreciated about 9.98% in value against the US Dollar since May 17. The currency pair tested the $8500 mark during last week's trading session.
As for the near future, it is likely that the BTC/USD pair will edge lower during the following trading sessions. The potential downside targets will be near the weekly S1 at 6951.4.
If the pair passes the support level as mentioned above, traders should look for opportunities to trade at the 6500 area.