| 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 | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The Bitcoin cryptocurrency has declined by 16.16% against the US Dollar since this week's trading sessions. A breakout occurred through the lower boundary of an ascending channel pattern at 11524.8 on September 3.
Given that a breakout had occurred, the BTC/USD currency pair could continue to edge lower during the following trading sessions. Bearish traders could target the $9000 mark next week.
However, a support level at the $10000 area could provide support for the cryptocurrency exchange rate in the shorter term.