Bitcoin BTC/USD is trading at 11076. The cryptocurrency continues to move within a bearish trend. At the moment, we expect Bitcoin correction to the resistance area at 11300. Further, the rebound and the continuation of the BTC/USD fall below the level of 9000. A strong test in favor of the drop of the cryptocurrency will be the test of level 80 on the Stochastic indicator.
Bitcoin (BTC/USD) forecast on January 26, 2018
The cancellation of the Bitcoin drop option will be a breakdown of the upper moving average level and a closing below 8300, which indicates a continued decline in the cryptocurrency and the likely trend reversal in favor of the bearish trend.
Bitcoin (BTC/USD) forecast on January 26, 2018 involves trying to test the support level near 10000 and continuing growth in the area above the level of 11850, an additional signal for the growth of the Bitcoin will be a bullish trend test on the indicator Stochastic.
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