Bitcoin BTC/USD are trading at 3840 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $68 092 730 553. At the moment, we can expect an attempt to test the resistance level near the area of 3900. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with the goal below 3250.
Bitcoin forecast & technical analysis December 4, 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». Cancellation of the option of falling Bitcoin will be a strong growth and a breakdown of the 4150 area. This will indicate a breakdown of the resistance area and the continued growth of the Bitcoin rate with a potential target at 4700. With the breakdown of the support area and the closure of cryptocurrency quotes below 3600, we should expect confirmation of the devaluation of the digital asset.
Bitcoin forecast & technical analysis December 4, 2018 suggests an attempt to test the resistance level near the area of 3900. And then the cryptocurrency will continue to fall with a potential target at 3250. 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 4150 area.
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