Bitcoin BTC/USD are trading at 3433 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $61 241 600 864. At the moment, we should expect an attempt to grow and test the resistance level near the area of 3600. Where can we expect a rebound again and an attempt to continue the fall of the Bitcoin exchange rate with a target below 2700.
Bitcoin forecast & technical analysis December 11, 2018
In favor of falling BTC/USD quotes, a test of the resistance line on the relative strength index (RSI) will come out. Cancellation of the Bitcoin exchange rate decline will be a strong growth and a breakdown of the 4000 area. 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 4550. With the breakdown of the support area and the closure of cryptocurrency quotes below the rate of 3050 digital asset.
Bitcoin forecast & technical analysis December 11, 2018 suggests an attempt to test the resistance level near 3600. And then the cryptocurrency will continue to fall with a potential target at 2700. 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 region 4000.
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