BTC/USD 4H Chart: Bulls market

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

The BTC/USD pair has appreciated more than 37.80% in value since last week's trading session. The cryptocurrency reached the $8500 mark during the previous session.

After hitting the $8500 resistance level, the Bitcoin cryptocurrency began to decline.The pair tested a support line formed by the monthly R2 at 6596.8 during the morning hours of today's trading session.

Everything being equal, it is likely that bulls would continue to dominate the pair during the following trading days. The pair might aim for the $9500 area before the end of next week's trading sessions.

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