BTCUSD is currently hovering within the Ichimoku cloud and is approaching the 20-simple moving average (SMA) in the 4-hour chart after it posted a bearish crossover with the 40-SMA in the past sessions. The RSI indicator is holding slightly below the 50 level, while the stochastic oscillator is approaching the overbought zone with strong momentum. Should the price extend higher, it could find immediate resistance at the 3840 level, which currently coincides with the 40-SMA. Also, an advance above this region would increase speculation [..]
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