Bitcoin BTC/USD are traded at 16004 and continue to move within the framework of a bearish correction. At this point, we should expect an attempt to test the lower boundary of the channel near the 16000 area. Again, we expect a rebound and the continued growth of the Bitcoin rate with a target above 19750.
Bitcoin BTC/USD forecast on December 22, 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 drop and breakdown of the area of 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 17700 level, it is expected to accelerate the growth of the cryptocurrency.
Bitcoin BTC/USD forecast on December 22, 2017 involves an attempt to test the lower border of the channel near the 16000 area and continue growth to the area above the level of 19750, 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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