Bitcoin forecast & technical analysis October 19, 2018


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Bitcoin BTC/USD are trading at 6422 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $113 421 472 913. At the moment, we can expect an attempt to test the support level near the 6350 area. Where can we expect a rebound again and an attempt to continue the growth of the Bitcoin rate with the goal above 6850.

Bitcoin forecast & technical analysis October 19, 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 6200 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 5950. With the breakdown of the upper boundary of the downward channel and closure of cryptocurrency quotes above 6600 asset.

Bitcoin forecast & technical analysis October 19, 2018

Bitcoin forecast & technical analysis October 19, 2018 implies an attempt to test the support level near 6350 and continued growth of cryptocurrency with a potential target at 6850, 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 6200 area.


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