Bitcoin BTC/USD are traded at 7708 and continue to move in a bearish trend. At this point, we should expect a test of the support area near the 7400 level. Again, we should expect a rebound and an attempt to start Bitcoin growth with a target above the level of 10000, as part of the development of the bullish model «Wolfe Wave».
Bitcoin forecast & technical analysis on March 19, 2018
In favor of the growth of quotations BTC/USD will test the trend line on the indicator of relative strength index (RSI). Abolishing the growth of Bitcoin decline will be a strong drop and breakdown of the area of 6500, which will indicate the breakdown of the lower boundary of the model and the continuation of the fall below the level of 6000. Confirmation of growth will break down the trendline and close above 8150 level.
Bitcoin forecast & technical analysis on March 19, 2018 suggests an attempt to test the support area near the 7400 level and continue growth with a potential target at 10000, an additional signal in favor of Bitcoin growth will be a trend line test on the relative strength index (RSI).
