Bitcoin BTC/USD are traded at 8,191 and continue to move within a bearish correction. At this point, we should expect an attempt to test the lower border of the uplink near the area of 7900. 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 8800.
Bitcoin (BTC/USD) technical analysis July 26, 2018
In favor of the growth of quotations BTC/USD will test the trend 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 7700, which will indicate the breakdown of the lower boundary 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 8500, one should expect confirmation of the development of the growth variant.
Bitcoin (BTC/USD) technical analysis July 26, 2018 involves trying to test the support level near the 7900 area and continuing the growth of the cryptocurrency with a potential target at 8800, an additional signal for the growth of the Bitcoin rate will be a trend line test on the relative strength index (RSI).
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