Bitcoin BTC/USD are trading at 3935 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $69 644 993 412. At the moment, we can expect an attempt to test the resistance level near the 4100 area. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with the goal below 3400.
Bitcoin forecast & technical analysis December 5, 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 upper limit of the descending channel. Cancellation of the Bitcoin exchange rate decline will be a strong growth and a breakdown of the 4250 area. This will indicate a breakdown of the upper limit of the downward channel and continued growth of the Bitcoin rate with a potential target of 4700. With the breakdown of the support area and the closure of cryptocurrency quotes below 3600, we can expect an acceleration of the rate decline digital asset.
Bitcoin forecast & technical analysis December 5, 2018 suggests an attempt to test the resistance level near the 4100 area. And further, the cryptocurrency will continue to fall with a potential target of 3400. 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 4250.
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