| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The Bitcoin cryptocurrency has depreciated about 21.82% in value against the US Dollar since September 22. The currency pair tested the lower boundary of a descending channel pattern at 7875.37 during last week's trading sessions.
The 50– period simple moving average is currently providing resistance for the exchange rate at 8243.77.
If the resistance level holds, a decline towards the weekly S1 and the monthly S1 at 7195.57 could be expected during the following trading sessions.
However, if the BTC/USD pair breaks the 50-period SMA, bulls could push the price towards the monthly R1 at 9536.90 next week.