Bitcoin BTC/USD are traded at the level of 13957 and continue to move within a bearish correction. At this point, we should expect an attempt to test the upward trend line near the area of 13400. Again, we expect a rebound and the continued growth of the Bitcoin exchange rate with a target above 15400.
Bitcoin BTC/USD forecast on December 23, 2017
In favor of the growth of the BTC/USD quotations, the support areas on the relative strength index (RSI). Cancellation of the variant of growth will be the fall and breakdown of the area of 12500, which will indicate the continuation of the fall of BTC/USD below the level of 10500. With the breakdown of the resistance level and the closing above 17200, it is expected to accelerate the growth of the crypto currency.
At small time intervals, a bullish «Shark» model is formed, which implies an increase in quotations to the upper channel boundary at the level of 15700. The breakdown of this model will be a breakdown at level 11500.
Bitcoin BTC/USD forecast on December 23, 2017 assumes a trend line attempt near the area of 13400 and the continuation of growth to an area above the level of 15500, an additional signal for the growth of the Bitcoin rate will be a test of the support area on the indicator of relative strength index (RSI).
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