Bitcoin BTC/USD are trading at 3365 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $60 039 641 706. Moving averages indicate a downward trend in Bitcoin. At the moment, we should expect an attempt to grow and test the resistance level near the area of 3550. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with the goal below the level of 2800.
Bitcoin forecast & technical analysis December 13, 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 model «Triangle». Cancellation of the Bitcoin exchange rate decline will be a strong growth and the breakdown of the 3900 area. This will indicate the breakdown of the resistance area and the continued growth of the Bitcoin rate with a potential target at 4550. With the breakdown of the lower boundary of the Triangle model and the closure of cryptocurrency quotes below 3100 depreciation of the digital asset.
Bitcoin forecast & technical analysis December 13, 2018 suggests an attempt to test the resistance level near 3550. And then the cryptocurrency will continue to fall with a potential target at 2800. 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 3900 region.
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