Bitcoin BTC/USD are trading at 6284 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $110 910 146 944. At the moment, we can expect an attempt to test the resistance level near the 6325 area. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with a target below 6075.
Bitcoin forecast & technical analysis November 2, 2018
In favor of falling BTC/USD quotes, a test of the downward trend line on the relative strength index (RSI), as well as a channel border test, will come out. Cancellation of the Bitcoin depreciation option will be a strong growth and a breakdown of the 6400 region, which will indicate a breakdown of the resistance area and the continued growth of the Bitcoin rate with a potential target at 6650. With the breakdown of the support area and the closure of cryptocurrency quotes below 6200, we should expect confirmation of the devaluation.
Bitcoin forecast & technical analysis November 2, 2018 implies an attempt to test the resistance level near 6325 and continue cryptocurrency to fall with a potential target at 6075, an additional signal in favor of depreciation of the Bitcoin is a test of the trend line on the relative strength index (RSI), canceling the option falling cryptocurrency will become strong growth and the breakdown of the 6400 area.
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