Bitcoin BTC/USD are traded at the level of 11080 and continue to move within the framework of the «Triangle» model. At this point, we should expect a test of the level of 11650. Again, we should expect a rebound and an attempt to continue Bitcoin with a target below 9050.
Bitcoin forecast & technical analysis January 31, 2018
In favor of the growth of quotations BTC/USD will test the trend line on the indicator of relative strength index (RSI). 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 31, 2018 assumes level test 11650 and attempt to continue falling in the area below the level of 9050 in the framework of the beginning of the mining model «Triangle», an additional signal in favor of Bitcoin fall will perform the test 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
