Bitcoin BTC/USD are traded at the level of 9313 and continue to move within the framework of the bullish correction. At this point, we should expect a test of the resistance area near the level of 9550. Again, we should expect a rebound and an attempt to continue falling Bitcoin with a target below 7700.
Bitcoin forecast & technical analysis on March 14, 2018
In favor of falling quotes BTC/USD will test the trend line on the indicator of relative strength index (RSI), as well as the formation of a reversal model «Head and Shoulders». The abolition of the Bitcoin reduction option will result in a strong growth and breakdown of the area of 10100, which will indicate the cancellation of the model and potential growth above the level of 10600. Confirmation of the fall will break the support area and the closure below the level of 8800.
Bitcoin forecast & technical analysis on March 14, 2018 suggests an attempt to test the resistance area near the level of 9550 and continue falling with a potential target at 7700, an additional signal in favor of the Bitcoin drop will be a bearish trend test on the relative strength index (RSI).
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