Bitcoin forecast & technical analysis October 31, 2018


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Bitcoin BTC/USD are traded at 6250 and continue to move as part of the fall. Cryptocurrency capitalization at the time of the publication of the forecast is $110 112 192 636. At the moment, we should expect an attempt to test the resistance level near 6320. Where again to expect a rebound and an attempt to continue the fall of the Bitcoin rate with the goal below 6070.

Bitcoin forecast & technical analysis October 31, 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 6400 region, which will indicate a breakdown of the resistance area and the continued growth of the Bitcoin rate with a potential target at 6650. With the breakdown of the support area and the closure of cryptocurrency quotes below 6195, we should expect confirmation of the devaluation.

Bitcoin forecast & technical analysis October 31, 2018

Bitcoin forecast & technical analysis October 31, 2018 suggests an attempt to test the resistance level near 6320 and continue cryptocurrency to fall with a potential target at 6070, an additional signal in favor of Bitcoin depreciation is a test of the trend line on the relative strength index (RSI), canceling the option falling cryptocurrency will become strong growth and the breakdown of the 6400 area.


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