Bitcoin BTC/USD are trading at 6428 and continue to move as part of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $112 295 046 596. At the moment, we can expect an attempt to test the support level near the area of 6350. Where will we again expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the level of 6900.
Bitcoin forecast & technical analysis October 4, 2018
In favor of the growth of BTC/USD quotes, a test of the trend line on the relative strength index (RSI) will come out. 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 a continued decline of the Bitcoin rate with a potential target at 5850. With the breakdown of the upper limit of the «Triangle» model and the closure of cryptocurrency quotes above 6600, we should expect confirmation of growth course digital asset.
Bitcoin forecast & technical analysis October 4, 2018 suggests an attempt to test the support level near 6350 and continue cryptocurrency decline with a potential target of 6900, an additional signal in favor of the Bitcoin appreciation is 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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