| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Buy | Neutral | Sell |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
Since January 10, the Bitcoin cryptocurrency has declined by 30.14% against the US Dollar. The currency pair breached the $30,000 area during the Asian session on Friday.
All things being equal, the blockchain is likely to continue to edge lower during the following trading sessions. The potential target for bearish traders would be near the $20,000 mark.
However, the lower line of a descending channel pattern could provide support for the BTC/USD cryptocurrency exchange rate in the short-term.