Bitcoin BTC/USD are traded at 6431 and continue to move in the fall. At this point, we should expect an attempt to test the lower border of the channel near the area of 6585. 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 6000.
Bitcoin (BTC/USD) technical analysis July 11, 2018
In favor of lowering the quotations of BTC/USD, a test of a broken trend line will appear on the indicator of relative strength index (RSI). The abolition of the Bitcoin drop option will be a strong growth and breakdown of the 6850 area, which will indicate the breakdown of the resistance area and the continued growth of the Bitcoin exchange rate with a target above the level of 7500. With the breakdown of the lower border of the channel and the closing of the quotes of the cryptocurrency below 6200, it is necessary to confirm the development of a bearish trend.
Bitcoin (BTC/USD) technical analysis July 11, 2018 suggests a test of the resistance level near the area of 6585 and the continuation of the fall of the cryptocurrency with a potential target at 6000, an additional signal in favor of Bitcoin depreciation will be a test of a broken trend line on the indicator of relative strength index (RSI).
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