Bitcoin BTC/USD are traded at the level of 9329 and continue to move within the bullish channel. At this point, we should expect a test of the support level near the 9000 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 10650.
Bitcoin (BTC/USD) technical analysis May 9, 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 option will be the fall and breakdown of the 8800 area, which will indicate the breakdown of the lower boundary of the outgoing channel and the continued drop in the Bitcoin 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 10150.
Bitcoin (BTC/USD) technical analysis May 9, 2018 suggests an attempt to test the lower border of the channel near the 9000 area and continue growth with a potential target at 10650, an additional signal in favor of Bitcoin’s growth will be a test of the support area on the indicator of relative strength index (RSI).
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