Bitcoin BTC/USD are trading at 6163 and continue to move in the bearish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $108 934 013 638. At the moment, we should expect an attempt to test the resistance level near the 6220 area. Where again we should expect a rebound and a further decline in the Bitcoin rate with a target below the level of 6030.
Bitcoin forecast & technical analysis November 15, 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 6350 area. This will indicate a breakdown of the upper boundary of the channel and 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 6100 asset.
Bitcoin forecast & technical analysis November 15, 2018 suggests an attempt to test the resistance level near 6220. Then, the cryptocurrency will continue to fall with a potential target at 6030. 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 6350.
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