Bitcoin BTC/USD is trading at 2633. Cryptocurrency quotes show strong growth in the bullish channel, which implies a bullish trend over Bitcoin and continued growth. At the moment quotes are testing the upper limit of the channel, we should expect a decrease to the lower boundary at the level of 2450. In favor of the drop, the resistance line test comes on the indicator of relative strength index (RSI).
Bitcoin technical analysis & forecast on July 21, 2017
Near the support area at the level of 2450, we again expect a rebound and an increase in the quotations of BTC/USD. The potential growth target is the area at the level of 2950. The abolition of the growth scenario for Bitcoin quotations will be the fall and breakdown of the area of 2350, which will indicate the continuation of the fall.
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