Bitcoin forecast & technical analysis November 6, 2018


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Bitcoin BTC/USD are trading at 6393 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $111 964 909 201. At the moment, we can expect an attempt to test the support level near the 6350 area. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with the goal above 6650.

Bitcoin forecast & technical analysis November 6, 2018

In favor of the growth of BTC/USD quotes, a test of the downward trend line on the relative strength index (RSI) will be made. Cancellation of the Bitcoin rate growth option will be a fall and a breakdown of the 6250 area, which will indicate a breakdown of the support area and the continuation of the fall of the Bitcoin rate with a potential target at 6050. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the level of 6510, we should expect confirmation of the growth rate of the digital asset.

Bitcoin forecast & technical analysis November 6, 2018

Bitcoin forecast & technical analysis November 6, 2018 suggests an attempt to test the resistance level near 6350 and the continued growth of cryptocurrency with a potential target of 6650, an additional signal in favor of the growth of the Bitcoin rate will be a test of the trend line on the relative strength index (RSI), canceling the option cryptocurrency growth will fall and the breakdown of the 6250 area.


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