Bitcoin BTC/USD are traded at the level of 14394 and continue to move within the bullish channel. At this point, we should expect an attempt to test the lower border of the channel near the level of 13850. Again, we expect a rebound and an attempt to increase the rate of Bitcoin with a target above 16200.
Bitcoin forecast & technical analysis January 5, 2018
In favor of the growth of quotations BTC/USD will perform a test of the broken support line on the indicator of relative strength index (RSI), border of the bullish channel. The abolition of the Bitcoin growth option will be the fall and breakdown of the area of 13400, which will indicate the breakdown of the lower boundary of the channel and the continuation of the fall of BTC/USD below the level of 11700.
Bitcoin forecast & technical analysis January 5, 2018 suggests an attempt to test the lower border of the channel near the level of 13850 and continue growth to an area above the level of 16200, an additional signal for the growth of the Bitcoin rate will be a test of the support line on the indicator of relative strength index (RSI).
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