Bitcoin BTC/USD are trading at 4371 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $78 225 160 632. At the moment, we can expect an attempt to correct and test the resistance level near the 4900 area. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with a target below 3450.
Bitcoin forecast & technical analysis November 21, 2018
In favor of reducing the BTC/USD quotes, a test of the downward trend line on the relative strength index (RSI) will be made. 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 5150 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 4000, we should expect confirmation of the devaluation of the digital asset.
Bitcoin forecast & technical analysis November 21, 2018 suggests an attempt to test the resistance level near 4900. And further, the cryptocurrency decline continued with a potential target at 3450. 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 5150.
