Bitcoin BTC/USD are trading at 3254 and continue to move as part of the fall. Cryptocurrency capitalization at the time of the publication of the forecast is $57 714 920 065. 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 3350. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with the target below the level of 2850.
Bitcoin forecast & technical analysis December 17, 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 lower boundary of the model «Triangle». The cancellation of the Bitcoin exchange rate option will be a strong growth and a breakdown of the 3650 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 support area and the closure of cryptocurrency quotes below 3100, we can expect an acceleration of the decline in the digital asset.
Bitcoin forecast & technical analysis December 17, 2018 suggests an attempt to test the resistance level near 3350. And then the cryptocurrency will continue to fall with a potential target at 2850. 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 3650.
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