Bitcoin BTC/USD is traded at 2065. Quotes of the cryptocurrency show a fall in the bearish channel, which implies a bearish trend for Bitcoin and the continuation of the fall. It is worth waiting for an attempt to test the upper border of the channel at the level of 2100 and then continue the decline of quotations Bitcoin below the level of 1800.
Technical analysis & Bitcoin forecast on July 18, 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 abolition of the fall option will be a strong growth and breakdown of the area of 2200, which indicates the continued growth. Expect to accelerate the decline Bitcoin costs with the breakdown of the local minimum level.
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