Bitcoin BTC/USD are trading at 3648 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $64 366 326 524. At the moment, we can expect an attempt to correct and test the resistance level near the area of 3830. Where again we can expect a rebound and an attempt to continue the fall of the Bitcoin exchange rate with a target below 2850.
Bitcoin forecast & technical analysis November 28, 2018
In favor of reducing the BTC/USD quotes, a test of the resistance line on the relative strength index (RSI) will come out. And also test the upper limit of the model «Triangle». Cancellation of the Bitcoin exchange rate decline will be a strong growth and a breakdown of the 4150 area. This will indicate a breakdown of the resistance area and the continued growth of the Bitcoin rate with a potential target at 4550. With the breakdown of the lower border of the model and the closure of cryptocurrency quotes below the 3400 asset.
Bitcoin forecast & technical analysis November 28, 2018 suggests an attempt to test the resistance level near 3830. And then the cryptocurrency will continue to decline with a potential target at 2850. 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 4150 area.
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