Bitcoin BTC/USD are traded at the level of 7157 and continue to move within the limits of growth. At this point, we should expect a test of the level of 7350. Again, we expect a rebound and the continued decline in the Bitcoin rate with a target below 6600.
BITCOIN forecast & technical analysis November 16, 2017
In favor of falling quotes, BTC/USD will test the resistance line on the indicator of relative strength index (RSI). The abolition of the decline option will be a strong growth and breakdown of the area of 7500, which will indicate the continuation of the growth of BTC/USD above the level of 7950. Expect the acceleration of the fall is with the breakdown of the level of 6850.
BITCOIN forecast & technical analysis November 16, 2017 assumes a test of the 7350 level and continuation of the fall below 6600, an additional signal in favor of the Bitcoin depreciation will be a resistance line test on the relative strength indicator (RSI).
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