| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The Bitcoin cryptocurrency has been gradually gaining strength against the US Dollar. The currency pair has surged by 58.61% in value since the middle of March.
Currently, the exchange rate is trading near a resistance level formed by the 200– period simple moving average at 6992.2.
If the 200– period SMA holds, a decline towards the $5500 mark could be expected during the following trading sessions.
However, technical indicators suggest that the BTC/USD currency exchange rate could continue to edge higher during next week's trading sessions.