Bitcoin BTC/USD are traded at 6350 and continue to move within the descending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $111 403 550 651. At the moment, we can expect an attempt to test the resistance level near 6380. Where again we should expect a rebound and continue to decline Bitcoin with a target below 6200.
Bitcoin forecast & technical analysis November 13, 2018
The test of the resistance line on the relative strength index (RSI) will be in favor of the BTC/USD quotes drop. Cancellation of the option of falling Bitcoin will be a strong growth and breakdown of the area of 6450. This will indicate a breakdown of the upper boundary of the channel and continued growth of the Bitcoin exchange rate with a potential target at 6550. With the breakdown of the support area and the closure of cryptocurrency quotes below the 6275 asset.
Bitcoin forecast & technical analysis November 13, 2018 suggests an attempt to test the resistance level near 6380. Then, the cryptocurrency will continue to fall with a potential target at 6200. An additional signal in favor of Bitcoin depreciation will be a test of the trend line on the relative strength index (RSI). Cancellation of the option of falling cryptocurrency will be a strong growth and the breakdown of the area of 6550.
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