Dukascopy Bank Team
Dukascopy Bank SA
BTC/USD 4H Chart: Moving towards target
Upside risks dominated the Bitcoin cryptocurrency against the US Dollar during the past week. The pair appreciated by about 418 base points during the last five days of trading.
As for the near future, it is likely that the BTC/USD pair continues its upward movement and potential hit the 4300 mark. Meanwhile, technical indicators flash mix signals.
Though, the crypto-coin could reverse from the current price level at 3976 and aim for the 50-hour simple moving average at 3790 during the following trading sessions.
ETH/USD 4H Chart: Remains near 152.5
The Ethereum cryptocurrency has continued its movement in an ascending channel against the US Dollar. The currency pair gained about 22.97% in values during the last week.
During the Asian Session on Friday, the ETH/USD pair was trading near a one-month high level at the 149.3 area.
Technical indicators demonstrate that the coin will continue edging high during the following trading session. The potential upside target will be at a swing high of 163.0.
On the other hand, a decline from the current price level could be expected within this trading session.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
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