Bitcoin BTC/USD are traded at 8385 and continue to move within the correction. At this point, we should expect an attempt to test the support area near the 8200 level. Again, we should expect a rebound and an attempt to continue Bitcoin growth with a target above the level of 9500.
Bitcoin (BTC/USD) technical analysis on March 27, 2018
In favor of the growth of quotations BTC/USD will test the trend line on the indicator of relative strength index (RSI), as well as test the lower boundary of the bullish channel. The abolition of Bitcoin growth will be the fall and breakdown of the 7800 area, which will indicate the breakdown of the support area and the continuation of the fall below the level of 6900. Confirmation of the bullish trend will be the breakdown of the resistance area and the closure above the level of 9000.
Bitcoin (BTC/USD) technical analysis on March 27, 2018 suggests an attempt of testing the support area near the level of 7800 and continuing growth with a potential target at 9500, an additional signal in favor of Bitcoin growth will be a test of the trend line on the indicator of relative strength index (RSI).