Bitcoin BTC/USD are traded at 6697 and continue to move within the growth and bullish channel. At this point, we should expect an attempt to test the lower border of the channel near the area 6600. Where 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 7050.
Bitcoin (BTC/USD) technical analysis July 10, 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 scenario will be the fall and breakdown of the 6450 area, which will indicate the breakdown of the lower border area of the channel and the continued decline of the Bitcoin exchange rate with a target below 6150. With the breakdown of the resistance area and the closing of the cryptocurrency quotes above the level of 6900, it is necessary to confirm the development of the bullish trend.
Bitcoin (BTC/USD) technical analysis July 10, 2018 assumes a try of a support level test near the 6600 area and the continuation of the growth of the cryptocurrency with a potential target at 7050, an additional signal in favor of Bitcoin’s growth will be an uptrend test on the relative strength index (RSI), the cancellation of the growth of the cryptocurrency will be the breakdown of the area 6450.
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