Bitcoin BTC/USD are traded at the level of 10540 and continue to move within the framework of the «Triangle» model. At this point, we should expect a test of the level of 10950. Again, we should expect a rebound and an attempt to continue Bitcoin with a target below 8000. In favor of falling quotations, BTC/USD will test a broken trend line on the indicator of relative strength index (RSI).
Bitcoin forecast & technical analysis January 27, 2018
The abolition of the Bitcoin reduction option will be a strong growth and breakdown of the 12100 area, which will indicate that BTC/USD will continue to rise above the level of 16500. With the breakdown of the «Triangle» lower limit and the closing below 9500, we expect the Bitcoin quotations to accelerate.
Bitcoin forecast & technical analysis January 27, 2018 presupposes an attempt to test the level of 10950 and continue falling to the area below the level of 8000 as part of the start 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).a
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