Bitcoin BTC/USD are traded at the level of 9993 and continue to move within the limits of the decline. At this point, we should expect a test of the resistance area near the level of 10,000. Again, we should expect a rebound and an attempt to continue the Bitcoin drop below 8500. In favor of falling quotations, BTC/USD will test the trend line on the indicator of relative strength index (RSI).
Bitcoin forecast & technical analysis on March 9, 2018
The cancellation of the Bitcoin reduction option will result in a strong growth and breakdown of the area of 10500. A confirmation of the fall will be the breakdown of the support area and the closure below the level of 9000.
Bitcoin forecast & technical analysis on March 9, 2018 suggests an attempt to test the resistance area near the level of 10000 and continue falling with a potential target at 8500, an additional signal in favor of the Bitcoin drop will be a trend line test on the relative strength index (RSI).
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