Bitcoin BTC/USD are trading at 6251 and continue to move as part of the fall. Cryptocurrency capitalization at the time of the publication of the forecast is $111 663 454 710. At the moment, we can expect an attempt to test the resistance level near the 6350 area. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with a target below the level of 5950.
Bitcoin forecast & technical analysis October 30, 2018
In favor of falling BTC/USD quotes, a test of the downward trend line on the relative strength index (RSI) will come out. Cancellation of the Bitcoin depreciation option will be a strong growth and a breakdown of the 6500 area, which will indicate the breakdown of the resistance area and the continued growth of the Bitcoin rate with a potential target at 6850. With the breakdown of the support area and the closure of cryptocurrency quotes below 6150, we should expect confirmation of the devaluation .
Bitcoin forecast & technical analysis October 30, 2018 suggests an attempt to test the resistance level near 6350 and continue cryptocurrency to fall with a potential target at 5950, an additional signal in favor of Bitcoin depreciation will be a test of the trend line on the relative strength index (RSI), canceling the option falling cryptocurrency will become a strong growth and the breakdown of the area of 6500.