Bitcoin BTC/USD are traded at 8323 and continue to move in a bearish trend. At this point, we should expect a test of the resistance level near the area of 8500. Again, we should expect a rebound and an attempt to continue falling Bitcoin with a target below 6600.
Bitcoin forecast & technical analysis February 10, 2018
In favor of falling quotes BTC/USD will test the resistance line on the indicator of relative strength index (RSI), as well as the formation of the reversal model «Head and Shoulders». The abolition of the Bitcoin reduction option will be a strong growth and the breakdown of the 8700 area, which will indicate that the growth of BTC/USD is higher than the level of 9500. With the breakdown of the support area and the closure below the level of 7350, it is necessary to expect confirmation of the Bitcoin price drop.
Bitcoin forecast & technical analysis February 10, 2018 suggests an attempt to test the resistance level near 8500 and continue falling to the area below the level of 6600, an additional signal in favor of the Bitcoin drop will be a test of the resistance line on the indicator of relative strength index (RSI).
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