Bitcoin BTC/USD are traded at the level of 17078 and continue to move within the limits of growth. At this point, we should expect an attempt to test the lower limit of the «Triangle» model near the level of 16600. Again, we expect a rebound and the continued growth of the Bitcoin rate with a target above 19800.
Bitcoin BTC/USD forecast on December 16, 2017
In favor of the growth of the BTC/USD quotes is a test of the broken support line on the indicator of relative strength index (RSI). Cancellation of the variant of growth will be the fall and breakdown of the area of 15300, which will indicate the continuation of the fall of BTC/USD below the level of 13500. With the breakdown of the upper bound of the «Triangle» model and the closing above 17600, it is expected to accelerate the growth of the cryptocurrency.
Bitcoin BTC/USD forecast on December 16, 2017 assumes an attempt to test the level of 16600 and continue growth in the area above the level of 19800, an additional signal for the growth of the Bitcoin rate will be a test of the support line on the indicator of relative strength index (RSI).
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