| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The BTC/USD exchange rate bounced off a support level at the $40K mark on September 23. As a result, the Bitcoin cryptocurrency has edged higher by 42.20% against the US Dollar during this period.
The world's largest cryptocurrency is currently trading near the upper boundary of an ascending channel pattern and could be set for a breakout.
If the breakout occurs, buyers could target the $65K level during the following trading sessions.
However, if the channel pattern holds, a decline towards the 50– period SMA at 50,000 could be expected this week.