Bitcoin (BTC/USD) technical analysis August 10, 2018


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Bitcoin BTC/USD are traded at 6307 and continue to move in the fall. At this point, we should expect an attempt to test the upper boundary of the bearish channel near the area of ​​6450. Again, we should expect a rebound and an attempt to continue the fall of the Bitcoin exchange rate with a target below the level of 5850.

Bitcoin (BTC/USD) technical analysis August 10, 2018

In favor of lower quotations BTC/USD will test the resistance area on the indicator of relative strength index (RSI). The abolition of the Bitcoin growth option will be the fall and breakdown of the area 6550, which will indicate the breakdown of the upper border of the channel and the continued growth of the Bitcoin exchange rate. With the breakdown of the support area and the closing of the quotes of the cryptocurrency below the level of 6080, one should expect confirmation of the development of the fall variant.

Bitcoin (BTC/USD) technical analysis August 10, 2018

Bitcoin (BTC/USD) technical analysis August 10, 2018 involves an attempt to test the resistance level near the 6450 area and continue the fall of the cryptocurrency with a potential target at 5850, an additional signal in favor of Bitcoin depreciation will be a resistance area test on the relative strength index (RSI), decrease of the cryptocurrency will be a strong growth and breakdown of the area 6550.


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