Bitcoin BTC/USD are traded at 16422 and continue to move within the bearish correction. At this point, we should expect an attempt to test the lower border of the channel near the 16000 area. Again, we expect a rebound and the continued growth of the Bitcoin rate with a target above 19550.
Bitcoin BTC/USD forecast on December 21, 2017
In favor of the growth of the BTC/USD quotes, a support line test will be performed on the relative strength index (RSI). Cancellation of the variant of growth will be a fall and breakdown of the area 15500, which will indicate the outflow of quotes for the limits of the channel and the continuation of the fall of BTC/USD below the level of 13500. With the breakdown of the level 17500, it is expected to accelerate the growth of the cryptocurrency.
Bitcoin BTC/USD forecast on December 21, 2017 involves an attempt to test the lower border of the channel near the 16000 area and continue growth to an area above the level of 19550, 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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