Bitcoin BTC/USD are traded at the level of 9057 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 9450. Again, we should expect a rebound and an attempt to continue the Bitcoin drop below 7900 level.
Bitcoin forecast & technical analysis on March 15, 2018
In favor of falling quotations of BTC/USD, a trend line test will be performed on the indicator of relative strength, as well as the formation of the «Head and Shoulders» reversal model. The abolition of the Bitcoin reduction option will be 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 through the support area and the closure below the level of 8700.
Bitcoin forecast & technical analysis on March 15, 2018 suggests an attempt to test the resistance area near the level of 9550 and continue falling with a potential target at 7900, an additional signal in favor of the Bitcoin drop will come the test of the bearish trend line on the indicator of relative strength index (RSI).
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