Bitcoin BTC/USD is trading at 9827. Cryptocurrency continues to move within a downtrend. At the moment, we expect Bitcoin correction to the resistance area at 10250. Further, the rebound and the continuation of the BTC/USD fall below 9000. A strong test for the drop of the cryptocurrency will be the test of level 80 on the Stochastic indicator.
Bitcoin (BTC/USD) forecast on February 24, 2018
The cancellation of the Bitcoin drop option will be a breakdown of the upper moving average level and a close above 10600, which will indicate the continued growth of the cryptocurrency and the likely change in the trend in favor of the bullish one.
Bitcoin (BTC/USD) forecast on February 24, 2018 involves an attempt to test the resistance level near the area of 10250 and continue falling to the area below the level of 9000, an additional signal in favor of Bitcoin depreciation will be a downward trend test on the Stochastic indicator.
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