Bitcoin BTC/USD are trading at 4489 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $79 127 535 695. At the moment, we should expect an attempt to correct and test the resistance level near the 4800 area. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin exchange rate with a target below 3500.
Bitcoin forecast & technical analysis November 22, 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 downward channel. The cancellation of the Bitcoin exchange rate option will be a strong growth and a breakdown of the 5100 area. This will indicate a breakdown of the resistance area and the continued growth of the Bitcoin rate with a potential target at 5650. With the breakdown of the support area and the closure of the cryptocurrency quotes below 4000, we should expect confirmation of the devaluation of the digital asset .
Bitcoin forecast & technical analysis November 22, 2018 suggests an attempt to test the resistance level near the 4800 area. And further, the cryptocurrency decline continues with a potential target of 3500. 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 5100 area.
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