Cryptocurrency Bitcoin BTC/USD is traded at the level of 2342. Quotes of the cryptocurrency show a decrease in the downward channel. It is worth waiting for an attempt to test the upper border of the channel at the level of 2350 and then continue the decline in quotations of Bitcoin below the level of 2150.
Technical analysis & Bitcoin forecast on July 13, 2017
An additional signal in favor of falling quotations of BTC/USD is the resistance line test on the indicator of relative strength index (RSI). The cancellation of the fall option will result in a strong increase in the breakdown of the 2400 area, which will indicate continued growth. Expect to accelerate the decline of Bitcoin costs from the breakdown of the local minimum level.
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