BITCOIN forecast & technical analysis November 15, 2017


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Bitcoin BTC/USD are traded at the level of 6568 and continue to move within the bearish channel. At this point, we should expect an attempt to test the upper border of the channel near the level of 6800. Again, we expect a rebound and the continued decline in the Bitcoin rate with a target below the level of 5700.

BITCOIN forecast & technical analysis November 15, 2017

In favor of falling quotes BTC/USD below the level of 5700 will test the resistance line on the indicator of relative strength index (RSI). The abolition of the reduction option will be a strong growth and breakdown of the 7250 area, which will indicate the continued growth of BTC/USD. Expect to accelerate the fall is with a breakdown of the level of 6050.

BITCOIN forecast & technical analysis November 15, 2017

BITCOIN forecast & technical analysis November 15, 2017 assumes an attempt to test the level of 6800 and continue falling to the area below the level of 5700 within the rebound from the upper boundary of the channel, an additional signal in favor of the decrease of Bitcoin will be a test of the resistance line on the indicator of relative strength index (RSI).

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