Bitcoin BTC/USD are traded at the level of 11058 and continue to move within the framework of the «Triangle» model. At this point, we should expect a test of the level of 11450. Again, we should expect a rebound and an attempt to continue Bitcoin with a target below 8550. In favor of falling quotes BTC/USD will test the trend line on the indicator of relative strength index (RSI).
Bitcoin forecast & technical analysis January 30, 2018
The abolition of the Bitcoin reduction option will be a strong growth and breakdown of the 12400 area, which will indicate the continued growth of BTC/USD above the level of 16500. With the breakdown of the lower bound of the «Triangle» model and the closing below 9500, it is expected to accelerate the drop in Bitcoin quotations.
Bitcoin forecast & technical analysis January 30, 2018 assumes an attempt to test the level of 11450 and continue falling to the area below the level of 8550 within the beginning 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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