BTC/USD 4H Chart: Consolidates above 200-hour SMA

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

The BTC/USD exchange rate has depreciated about 17.16% in value since May 29. The decline was stopped by a support level formed by the 200-hour simple moving average at 7619.4.

The cryptocurrency consolidated above the 200-hour SMA during the past 72 hours of trading.

If the Bitcoin cryptocurrency passes the support level as mentioned above, a decline towards the weekly S1 at 6191.8 could be the next target in the short term.

On the other hand, if the 200-hour SMA holds, bulls could push the pair towards the weekly R1 at 9234.4 in the nearest future.

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