Bitcoin BTC/USD are traded at the level of 9411 and continue to move in the fall. At this point, we should expect a test of the resistance area near the level of 10,000. Again, we should expect a rebound and an attempt to continue fall Bitcoin with a target below 8150.
Bitcoin forecast & technical analysis February 2, 2018
In favor of the growth of the BTC/USD quotations, the trend line test will be performed on the relative strength index (RSI). The abolition of the Bitcoin decrease option will be a strong growth and breakdown of the area of 10900, which will indicate the continuation of the growth of BTC/USD above the level of 11600. With the breakdown of the level of 9200, it is expected to accelerate the drop in quotations of Bitcoin.
Bitcoin forecast & technical analysis February 2, 2018 involves trying to test the resistance level near 10,000 and continuing the fall below 8150 as part of the «Triangle» model, an additional signal in favor of the Bitcoin drop will be a resistance line test on the relative strength index (RSI).
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