Bitcoin BTC/USD are trading at 6335 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $111 119 718 048. At the moment, we can expect an attempt to test the support level near the 6220 area. Where again we should expect a rebound and the continued growth of the Bitcoin rate with a target above 6500.
Bitcoin forecast & technical analysis November 12, 2018
A test of the support line on the relative strength index (RSI) will be in favor of the growth of BTC/USD quotes. Cancellation of the Bitcoin growth rate will be a fall and a breakdown of the 6350 area. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of the Bitcoin rate with a potential target at 6200. With the breakdown of the upper limit of the channel and the closure of cryptocurrency quotes above the level of 6650 asset.
Bitcoin forecast & technical analysis November 12, 2018 suggests an attempt to test the support level near the 6220 area. Then, the cryptocurrency will continue to grow with a potential target at 6500. An additional signal in favor of the Bitcoin exchange rate growth will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth of cryptocurrency will be the fall and the breakdown of the area 6200.
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