Bitcoin BTC/USD are trading at 3358 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $59 506 946 780. At the moment, we can expect an attempt to correct and test the resistance level near the area of 3550. Where again we should expect a rebound and an attempt to continue falling Bitcoin exchange rate with a target below 2915.
Bitcoin forecast & technical analysis December 10, 2018
In favor of falling BTC/USD quotes, a test of the resistance line on the relative strength index (RSI) will come out. As well as a rebound from the upper limit of the descending channel. Cancellation of the Bitcoin exchange rate decline will be a strong growth and a breakdown of the 3800 region. This will indicate a breakdown of the upper limit of the downward channel and the continued growth of the Bitcoin rate with a potential target at 4300. With the breakdown of the support area and the closure of cryptocurrency quotes below 3050, we can expect an acceleration of the rate decline digital asset.
Bitcoin forecast & technical analysis December 10, 2018 suggests an attempt to test the resistance level near 3550. And then the cryptocurrency will continue to fall with a potential target at 2915. An additional signal in favor of Bitcoin depreciation will be a test of the trend line on the relative strength index (RSI). Cancellation of the option of falling cryptocurrency will be a strong growth and the breakdown of the area of 3800.
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