Bitcoin BTC/USD are traded at 6680 and continue to move within the correction. Capitalization of cryptocurrency at the time of publication of the forecast is $ 116 110 621 424. At this point, you should expect a test of the support level near the area of 6500. Again, we should expect a rebound and an attempt to continue the growth of the Bitcoin exchange rate with a target above 7180 level.
Bitcoin (BTC/USD) technical analysis August 28, 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), as well as a test of the lower boundary of the bullish channel. The abolition of the Bitcoin growth scenario will be the fall and breakdown of the 6250 area, which will indicate the breakdown of the lower border of the channel and the continued decline in the Bitcoin rate. With the breakdown of the resistance area and the closing of the quotes of the cryptocurrency above the level of 6850, one should expect confirmation of the development of the variant of the growth of the rate of the digital asset.
Bitcoin (BTC/USD) technical analysis August 28, 2018 assumes a try of a support level test near the 6500 area and the continuation of the growth of the cryptocurrency with a potential target at 7180, an additional signal for the growth of the Bitcoin rate will be a test of the support line on the indicator of relative strength, the growth of the cryptocurrency will be a fall and breakdown of the area 6250, which will indicate the continued decline in the digital currency.
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