Bitcoin BTC/USD are traded at the level of 8240 and continue to move within the framework of the bullish correction. At this point, we should wait for a test of the support level near the 8150 area. Again, we should expect a rebound and an attempt to continue Bitcoin’s growth with a target above the level of 9150.
Bitcoin (BTC/USD) technical analysis April 20, 2018
In favor of the growth of quotations BTC/USD will perform a test of a broken 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. Confirmation 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 20, 2018 involves trying to test the level of support near the 8150 area and continuing growth with a potential target at 9150, an additional signal in favor of Bitcoin’s growth will be a breakdown of the trend line on the indicator of relative strength index (RSI).
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