Bitcoin forecast & technical analysis January 4, 2018


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Bitcoin BTC/USD are traded at the level of 14329 and continue to move within the framework of growth. At this point, we should expect a test of the level of 13750. Again, we should expect a rebound and an attempt to increase the rate of Bitcoin with a target above 16200.

Bitcoin forecast & technical analysis January 4, 2018

In favor of the growth of quotations BTC/USD will perform a test of the support line on the indicator of relative strength index (RSI), as well as a test of the lower boundary of the bullish channel. The abolition of the Bitcoin growth option will be the fall and breakdown of the area of ​​12800, which will indicate the breakdown of the lower border of the channel and the continuation of the fall of BTC/USD below the level of 11700.

Bitcoin forecast & technical analysis January 4, 2018

Bitcoin forecast & technical analysis January 4, 2018 involves an attempt to test the lower border of the channel near the level of 13750 and continue growth to an area above the level of 16200, an additional signal for the growth of the Bitcoin rate will be a trend line test on the relative strength index (RSI).

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