Bitcoin BTC/USD are traded at 6418 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $114 427 372 406. At the moment, we can expect an attempt to test the support level near the area of 6300. Where should we expect a rebound again and an attempt to continue the growth of the Bitcoin rate with a target above the level of 6900.
Bitcoin forecast & technical analysis October 17, 2018
The test of the broken trend line on the relative strength index (RSI) will be in favor of the growth of BTC/USD quotes. Cancellation of the Bitcoin growth rate will be a fall and a breakdown of the 6150 area, which will indicate the breakdown of the support area and the continued decline of the Bitcoin rate with a potential target at 5950. With the breakdown of the upper limit of the downward channel and closure of cryptocurrency quotes above 6600 asset.
Bitcoin forecast & technical analysis October 17, 2018 suggests an attempt to test the support level near the 6300 area and continued growth of cryptocurrency with a potential target of 6900, 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), cancellation cryptocurrency growth will fall and the breakdown of the area of 6150.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
