Bitcoin BTC/USD are traded at 6583 and continue to move within the framework of strong growth. At this point, we should expect a test of the support level test near the area of 6350. 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 3, 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 area of 6150, which will indicate the breakdown of the region of the lower border of the bullish channel and the continued decline in the Bitcoin exchange rate with a target below 5800. With the breakdown of the resistance area and the closing of the cryptocurrency quotes above 6850, it is necessary to confirm the development of the bullish trend.
Bitcoin (BTC/USD) technical analysis July 3, 2018 involves trying to test the support level near the area of 6350 and continuing the growth of the cryptocurrency with a potential target at 7050, an additional signal for the growth of the Bitcoin rate will be an uptrend test on the relative strength index (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
