Bitcoin BTC/USD is trading at the level of 2428.80. Quotes of the cryptocurrency continue to move within the framework of the «Triangle» model. An attempt is being made to test the resistance area at the level of 2500, where again we should expect the continued decline in Bitcoin quotations. The fall target is the area of the lower boundary of the «Triangle» model.
BTC/USD technical analysis & forecast on July 3, 2017
An additional signal in favor of lowering the quotations of BTC/USD will be a tight test of the downward trend line on the indicator of relative strength index (RSI). The abolition of the Bitcoin reduction option will be a breakdown of the 2510 area, which indicates that the growth will continue to the upper bound of the «Triangle» model.
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