Bitcoin BTC/USD are traded at the level of 13,156 and continue to move within the framework of the «Triangle» model. At this point, we should expect an attempt to test the upper limit of the «Triangle» model near the level of 13700. Again, we should expect a rebound and an attempt to drop Bitcoin with a target below 11600.
Bitcoin forecast & technical analysis January 16, 2018
In favor of falling quotes, BTC/USD will test the trend line on the indicator of relative strength index (RSI). The abolition of the Bitcoin decrease option will be a strong growth and breakdown of the area of 14000, which will indicate the breakdown of the upper limit of the «Triangle» model and the continuation of the growth of BTC/USD above the level of 15500.
Bitcoin forecast & technical analysis January 16, 2018 suggests an attempt to test the upper limit of the «Triangle» near the level of 13700 and continue falling to the area below the level of 14000, 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).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
