Bitcoin forecast & technical analysis October 18, 2018


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Bitcoin BTC/USD are trading at 6416 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $114 016 056 312. At the moment, we can expect an attempt to test the support level near the area of ​​6300. Where should we again expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above 6900.

Bitcoin forecast & technical analysis October 18, 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 18, 2018

Bitcoin forecast & technical analysis October 18, 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).


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