Bitcoin BTC/USD are traded at 8232 and continue to move in the fall. At this point, we should expect an attempt to test the resistance level near the area of 8300. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin exchange rate with a target below 7400 level.
Bitcoin (BTC/USD) technical analysis May 23, 2018
In favor of falling quotations BTC/USD will test the resistance line on the indicator of relative strength index (RSI). The abolition of the Bitcoin fall will be a strong growth and breakdown of the area 9050, which will indicate the breakdown of the resistance area and the continued growth of the Bitcoin exchange rate. A confirmation of the development of the fall of the cryptocurrency will be the breakdown of the support area and the closure below the level of 8200.
Bitcoin (BTC/USD) technical analysis May 23, 2018 suggests an attempt to test the resistance level near the area of 8300 and continue falling with a potential target at 7400, an additional signal in favor of the Bitcoin drop will be a downtrend test on the relative strength index (RSI).
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