Bitcoin (BTC/USD) technical analysis August 9, 2018


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Bitcoin BTC/USD are traded at 6427 and continue to move in the fall. At this point, we should expect an attempt to test the resistance level near the area of ​​6750. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin exchange rate with a target below the level of 5950.

Bitcoin (BTC/USD) technical analysis August 9, 2018

In favor of lower quotations BTC/USD will test the resistance 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 7050, which will indicate the breakdown of the upper border of the channel and the continued growth of the Bitcoin exchange rate. With the breakdown of the support area and the closing of the quotes of the cryptocurrency below 6250, one should expect confirmation of the development of the fall variant.

Bitcoin (BTC/USD) technical analysis August 9, 2018

Bitcoin (BTC/USD) technical analysis August 9, 2018 involves a test of the resistance level near the 6750 area and the continuation of the fall of the cryptocurrency with a potential target at 5950, an additional signal in favor of Bitcoin depreciation will be a resistance area test on the relative strength index (RSI).

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