| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Sell |
| Stochastic(5;3;3) | Sell | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Bitcoin cryptocurrency has edged higher by 24.36% against the US Dollar since the beginning of November. The currency pair tested the $16400 mark during the Asian session on Friday.
Technical indicators suggest buying signals on the 4-hour, daily and weekly time-frame charts. Therefore, bullish traders could continue to drive the BTC/USD pair higher during the following trading sessions.
However, a resistance cluster near the 16385 area could provide resistance for the cryptocurrency exchange rate in the shorter term.