Bitcoin BTC/USD are trading at 6507 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $113 715 454 923. At the moment, we can expect an attempt to test the support level near the 6450 area. Where can we expect a rebound again and an attempt to continue the growth of the Bitcoin rate with a target above the level of 6750.
Bitcoin forecast & technical analysis November 8, 2018
In favor of the growth of BTC/USD quotes, a test of the rising 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 6370 area, which will indicate breakdown of the lower boundary of the channel and the continuation of the fall of the Bitcoin rate with a potential target at 6250. With the breakdown of the resistance area and the closure of the cryptocurrency quotes above the level of 6750.
Bitcoin forecast & technical analysis November 8, 2018 suggests an attempt to test the resistance level near the 6450 area and continue to grow cryptocurrency with a potential target at 6750, an additional signal in favor of the Bitcoin exchange 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 area of 6370.
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