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BTC/USD tests $50K mark

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate⇒⇗⇗

[ANNOUNCE]Since the beginning of August, the Bitcoin cryptocurrency has edged higher by 30.94% against the US Dollar. The world's largest crypto by market cap breached the $50K level on August 23.[/ANNOUNCE]

If the BTC/USD cryptocurrency exchange rate breaks the $50,000 resistance level, bullish traders could target the $60K mark during the following trading sessions.

However, if the resistance level holds, a decline towards the 50– day simple moving average near the 40,000 area could be expected.

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