Bitcoin BTC/USD are traded at the level of 8908 and continue to move within the correction. At this point, we should expect a test of the support area near the 8300 level. Again, we should expect a rebound and an attempt to continue Bitcoin growth with a target above the level of 10500 as part of the development of the bullish «Wolfe Wave» model.
Bitcoin (BTC/USD) technical analysis on March 25, 2018
In favor of the growth of quotations BTC/USD will test the trend line on the relative strength index (RSI). The abolition of Bitcoin growth growth will be the fall and breakdown of the area of 6500, which will indicate the breakdown of the support area and the continuation of the fall below the level of 5800. Confirmation of the bullish trend will be the breakdown of the resistance area and the closing above the level of 9200.
Bitcoin (BTC/USD) technical analysis on March 25, 2018 involves trying to test the support area near the 8300 level and continuing growth with a potential target at 10500, an additional signal in favor of Bitcoin growth will be a trend line test on the relative strength index (RSI).