Bitcoin BTC/USD are traded at 6439 and continue to move in the fall. The course Bitcoin showed a drop in the development of the reversal pattern «Head and shoulders». At this point, we should expect a test of the broken channel border near the 6900 level.
BITCOIN forecast & technical analysis on November 14, 2017
Again, we expect a rebound and a continued decline in the Bitcoin with a target below 5300. In favor of falling BTC/USD below 5300, a resistance line test will be performed on the relative strength indicator (RSI). The abolition of the reduction option will be a strong growth and breakdown of the 7250 area, which will indicate the continued growth of BTC/USD. Expect to accelerate the fall is with a breakdown of the level of 6050.
BITCOIN forecast & technical analysis on November 14, 2017 assumes an attempt to test the level of 6900 and begin the continuation of the fall below 5300 within the rebound from the broken channel boundary, an additional signal in favor of Bitcoin reduction will be a resistance line test on the relative strength indicator (RSI).
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