Bitcoin BTC/USD are trading at 3799 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $67 343 164 585. At the moment, we can expect an attempt to test the resistance level near the area of 3920. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with the goal below 3450.
Bitcoin forecast & technical analysis December 7, 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 bearish channel. Cancellation of the Bitcoin exchange rate decline will be a strong growth and a breakdown of the 4100 area. This will indicate a breakdown of the upper limit of the downward channel and the continued growth of the Bitcoin rate with a potential target at 4500. With the breakdown of the support area and the closure of cryptocurrency quotes below 3550, we can expect an acceleration of the rate decline digital asset.
Bitcoin forecast & technical analysis December 7, 2018 suggests an attempt to test the resistance level near the 3920 area. And further, the cryptocurrency will continue to fall with a potential target of 3450. An additional signal in favor of Bitcoin depreciation is 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 4100 area.
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