| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
Since the beginning of August, the Bitcoin cryptocurrency has edged higher by 30.94% against the US Dollar. The world's largest crypto by market cap breached the $50K level on August 23.
If the BTC/USD cryptocurrency exchange rate breaks the $50,000 resistance level, bullish traders could target the $60K mark during the following trading sessions.
However, if the resistance level holds, a decline towards the 50– day simple moving average near the 40,000 area could be expected.