Bitcoin BTC/USD are traded at the level of 9074 and continue to move within the bullish channel. At this point, we should expect a test of the support level near the 9100 area. 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 9750.
Bitcoin (BTC/USD) technical analysis May 11, 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), as well as the formation of the reversal model «Head and Shoulders». The abolition of the Bitcoin growth option will be the fall and breakdown of the 8700 area, which will indicate the breakdown of the lower boundary of the outgoing channel and the continued fall in the Bitcoin exchange rate. A confirmation of the development of the growth of the cryptocurrency will be the breakdown of the resistance area and the closing above the level of 9450.
Bitcoin (BTC/USD) technical analysis May 11, 2018 involves trying to test the support level near the 9100 area and continuing growth with a potential target at 9750, an additional signal in favor of Bitcoin’s growth will be a downtrend test on the relative strength index (RSI), the cancellation of the growth of quotations there will be a fall and breakdown of the 8700 area
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