Bitcoin BTC/USD are traded at the level of 6385 and continue to move within the correction. At this point, we should expect a test of the support level test near the area of 6050. Again, we should expect a rebound and an attempt to continue the growth of the Bitcoin exchange rate with a target above the level of 6950.
Bitcoin (BTC/USD) technical analysis August 17, 2018
In favor of the growth of quotations BTC/USD will perform a test of the support 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 5750, which will indicate the breakdown of the support area and the continued decline in the Bitcoin exchange rate. With the breakdown of the resistance area and the closing of the quotes of the cryptocurrency above the level of 6500, one should expect confirmation of the development of the growth variant.
Bitcoin (BTC/USD) technical analysis August 17, 2018 assumes an attempt to test the support level near the area of 6050 and continue the growth of the cryptocurrency with a potential target at 6950, an additional signal for the growth of the Bitcoin rate will be a test of the support line on the indicator of relative strength index (RSI).
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