Bitcoin BTC/USD are trading at 6509 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $113 720 476 197. At the moment, we can expect an attempt to test the resistance level near the 6600 area.
Bitcoin forecast & technical analysis October 3, 2018
In favor of lowering the quotations of BTC/USD, a trend line test will be performed on the indicator of relative strength index (RSI). Cancellation of the option of falling Bitcoin will be a strong growth and breakdown of the 6800 area, which will indicate the breakdown of the resistance area and the continued growth of the Bitcoin rate with a potential target at 7450. With the breakdown of the lower support level and closing of the cryptocurrency quotes below the 6300 digital asset.
Bitcoin forecast & technical analysis October 3, 2018 suggests an attempt to test the resistance level near the 6600 area and continue cryptocurrency decline with a potential target of 5950, an additional signal in favor of the Bitcoin exchange rate is the trend line test on the relative strength index (RSI), canceling the option cryptocurrency decline will become strong growth and the breakdown of the 6800 region.
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