Bitcoin BTC/USD are trading at 3221 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $57 235 008 225. 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 3325. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with the goal below 2950.
Bitcoin forecast & technical analysis December 18, 2018
In favor of falling BTC/USD quotes, a test of the resistance line on the relative strength (RSI) will come out. The cancellation of the Bitcoin exchange rate option will be a strong growth and a breakdown of the 3550 area. This will indicate a breakdown of the resistance area and the continued growth of the Bitcoin rate with a potential target at 3950. With the breakdown of the support area and the closure of cryptocurrency quotes below the 3100, you should expect the acceleration of the decline in the digital asset rate .
Bitcoin forecast & technical analysis December 18, 2018 suggests an attempt to test the resistance level near 3325. And then the cryptocurrency will continue to fall with a potential target of 2950. An additional signal in favor of Bitcoin depreciation will be a test of the trend line on the relative strength (RSI). Cancellation of the option of falling cryptocurrency will be a strong growth and the breakdown of the area of 3550.
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