Bitcoin BTC/USD are trading at 6433 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $112 673 864 833. At the moment, we should expect an attempt to test the support level near the 6400 area.
Bitcoin forecast & technical analysis November 9, 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 exchange rate growth option will be a fall and a breakdown of the 6350 area. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of the Bitcoin rate with a potential target at 6200. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the level of 6550, we should expect confirmation of the growth rate of the digital asset.
Bitcoin forecast & technical analysis November 9, 2018 suggests an attempt to test the resistance level near the 6400 area. Then, the continued growth of cryptocurrency with a potential target at 6580. An additional signal in favor of the growth rate of Bitcoin is a test of the trend line on the relative strength index (RSI). Cancellation of the growth of cryptocurrency will fall and the breakdown of the area of 6350.
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