Bitcoin BTC/USD are traded at the level of 16606 and continue to move within the framework of growth. At this point, we should expect an attempt to rebound and drop the cryptocurrency in the area below the level of 15600. Again, we expect a rebound and the continued growth of the Bitcoin rate with a target above the level of 18500.
BITCOIN forecast & technical analysis December 14, 2017
In favor of the growth of the BTC/USD quotes, a support line test will be performed on the relative strength index (RSI), and formation of a bullish model of «Wolfe Wave». The abolition of the growth option will be the fall and breakdown of the area of 14900, which will indicate the continuation of the fall of BTC/USD below the level of 13500.
BITCOIN forecast & technical analysis December 14, 2017 assumes an attempt to test the level of 15600 and continue growth in the area above the level of 18500, an additional signal for the growth of the Bitcoin will be a test of the support line on the indicator of relative strength index (RSI).
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