Bitcoin BTC/USD are traded at the level of 8307 and continue to move within the framework of the bullish correction. At the moment, we should expect a test of the support level near the area of 7750. Once again, we should expect a rebound and an attempt to continue Bitcoin’s growth with a goal above the level of 9150.
Bitcoin (BTC/USD) technical analysis April 17, 2018
In favor of the growth of quotations BTC/USD will test the trend line on the indicator of relative strength index (RSI), as well as test the lower boundary of the bullish channel. The abolition of the Bitcoin growth option will be the fall and breakdown of the 7450 area, which will indicate the breakdown of the support area and the continuation of the decline below the level of 7200. The breakdown of the upper border of the channel and the closing above the level of 8600 will prove the development of the growth of the cryptocurrency.
Bitcoin (BTC/USD) technical analysis April 17, 2018 involves trying to test the support level near the area of 7750 and continuing growth with a potential target at 9150, an additional signal in favor of Bitcoin’s growth will be a test of the trend line on the indicator of relative strength index (RSI).
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