Bitcoin BTC/USD are traded at the level of 9619 and continue to move within the limits of the decline. At this point, we should expect an attempt to test the level of moving averages near the area of 10150. Again, we should expect a rebound and an attempt to continue falling Bitcoin with a target below 8650. In favor of falling quotes BTC/USD will test the resistance line on the indicator of relative strength index (RSI).
Bitcoin forecast & technical analysis February 25, 2018
The abolition of the Bitcoin drop will be a strong growth and breakdown of the area of 10900, which will indicate the breakdown of the resistance area and the continuation of the growth of BTC/USD above the level of 11500. With the breakdown of the support area and the closing of quotes below the level of 9200, it is necessary to confirm confirmation of the Bitcoin drop.
Bitcoin forecast & technical analysis February 25, 2018 suggests an attempt to test the area of moving averages near the level of 10150 and continue falling with a potential target at 8650, an additional signal in favor of the Bitcoin drop will be a test of the resistance line on the indicator of relative strength index (RSI), growth and breakdown of the area 10900.
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