Bitcoin BTC/USD are traded at 7872 and continue to move in a bearish trend. At this point, we should expect an attempt to test the upper boundary of the bearish channel near the level of 8350. Again, we should expect a rebound and an attempt to continue falling Bitcoin with a target below 6100. In favor of falling quotations, BTC/USD will test the resistance line on the indicator of relative strength index (RSI).
Bitcoin forecast & technical analysis February 6, 2018
The abolition of the Bitcoin reduction option will be a strong growth and breakdown of the area 9850, which will indicate the continued growth of BTC/USD above the level of 10800. With the breakdown of the support area and the closing below the level of 7200, it is expected to accelerate the drop of quotations Bitcoin.
Bitcoin forecast & technical analysis February 6, 2018 suggests an attempt to test the upper border of the channel near 8350 and continue falling to the area below the level of 6100, 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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