Bitcoin BTC/USD are trading at 3803 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $67 310 221 550. Moving averages indicate the presence of a downward trend in Bitcoin. At the moment, we should expect an attempt to reduce and test the support level near the area of 3700. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with the target above the level of 4500.
Bitcoin forecast & technical analysis December 27, 2018
In favor of the growth of BTC/USD quotes, a test of the uptrend trend on the relative strength index (RSI) will be made. As well as a rebound from the lower boundary of the rising channel. Cancellation of the Bitcoin exchange rate growth option will also lead to the breakdown of the 3400 area. This will indicate the breakdown of the channel boundary and the continuation of the Bitcoin exchange rate drop with the potential target at 3050. With the breakdown of the resistance area and the closure of the cryptocurrency quotes above the 4250, an acceleration of the digital asset exchange rate can be expected.
Bitcoin forecast & technical analysis December 27, 2018 suggests an attempt to test the support level near 3700. And then the cryptocurrency will continue to grow with a potential target at 4500. An additional signal in favor of the growth rate of Bitcoin will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth of cryptocurrency will be the fall and the breakdown of the area of 3400.
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