Bitcoin BTC/USD are trading at 5263 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $92 890 897 774. At the moment, we can expect an attempt to test the resistance level near the area of 5380. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with a target below 4820.
Bitcoin forecast & technical analysis November 20, 2018
In favor of reducing the BTC/USD quotes, a test of the resistance area on the relative strength index (RSI) will come out. And also test the upper limit of the bearish channel. The cancellation of the Bitcoin exchange rate option will be a strong growth and a breakdown of the 5600 area. This will indicate a breakdown of the resistance area and the continued growth of the Bitcoin rate with a potential target of 6100. With the breakdown of the support area and the closure of cryptocurrency quotes below 5000, we should expect confirmation of the devaluation.
Bitcoin forecast & technical analysis November 20, 2018 suggests an attempt to test the resistance level near the area of 5380. And further, further cryptocurrency decline with a potential target at 4820. An additional signal in favor of the Bitcoin exchange rate is the test of the trend line on the relative strength index (RSI). Cancellation of the option to reduce cryptocurrency will be a strong growth and the breakdown of the area of 5600.
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