Bitcoin BTC/USD are traded at the level of 11,252 and continue to move within the framework of the «Triangle» model. At this point, we should expect an attempt to test the upper boundary of the model near the level of 11850. Again, we should expect a rebound and an attempt to continue Bitcoin with a target below 9000. In favor of falling quotations, BTC/USD will test the trend line on the indicator of relative strength index (RSI).
Bitcoin forecast & technical analysis January 24, 2018
The cancellation of the Bitcoin reduction option will be a strong growth and breakdown of the area of 13000, which will indicate the continuation of the growth of BTC/USD above the level of 16500. With the breakdown of the lower boundary of the model and the closing below the level of 9700, it is expected to accelerate the drop of quotations Bitcoin.
Bitcoin forecast & technical analysis January 24, 2018 assumes an attempt to test the level of 11850 and continue falling to the area below the level of 9000, 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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