Bitcoin BTC/USD are traded at 6261 and continue to move within the bearish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $110 581 184 645. At the moment, we can expect an attempt to test the resistance level near the area of 6330. Where should we expect a rebound again and continue to decline Bitcoin with a target below 6180.
Bitcoin forecast & technical analysis November 14, 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 a breakdown of the 6380 region. This will indicate a breakdown of the upper boundary of the channel and the continued growth of the Bitcoin rate with a potential target at 6550. With the breakdown of the support area and the closure of cryptocurrency quotes below the 6225 asset.
Bitcoin forecast & technical analysis November 14, 2018 suggests an attempt to test the resistance level near 6330. Then, the cryptocurrency will continue to fall with a potential target at 6180. 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 6380.
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