Bitcoin BTC/USD are traded at 8083 and continue to move within the framework of an upward correction. At this point, we should expect a test of the support level near the area of 7800. Again, we should expect a rebound and an attempt to continue Bitcoin’s growth with a target higher than the level of 8850.
Bitcoin (BTC/USD) technical analysis April 19, 2018
In favor of the growth of quotations BTC/USD will break the trend line on the indicator of relative strength index (RSI). The abolition of the Bitcoin growth option will be the fall and breakdown of the area of 7500, which will indicate the breakdown of the support area and the continued decline in the Bitcoin exchange rate. A confirmation of the development of the growth of the cryptocurrency will be the breakdown of the upper limit of the «Triangle» model and the closing above the level of 8300.
Bitcoin (BTC/USD) technical analysis April 19, 2018 involves trying to test the support level near the area of 7700 and continuing growth with a potential target at 8850, an additional signal in favor of Bitcoin growth will be a breakdown of the trend line on the indicator of relative strength index (RSI).
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