Bitcoin BTC/USD are traded at 6532 and continue to move within the «Triangle» model, indicating that there is uncertainty. Cryptocurrency capitalization at the time of the publication of the forecast is $114 063 058 461. At the moment, we should expect an attempt to test the resistance level near 6600. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with the goal below 6160.
Bitcoin forecast & technical analysis October 9, 2018
In favor of reducing the BTC/USD quotes, a test of the trend line on the relative strength index (RSI) will be made. Cancellation of the Bitcoin exchange rate decline will be a strong growth and the breakdown of the 6700 region, 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 lower boundary of the «Triangle» model and the closure of cryptocurrency quotes below 6300 depreciation of the digital asset.
Bitcoin forecast & technical analysis October 9, 2018 suggests an attempt to test the resistance level near the 6600 area and continue cryptocurrency decline with a potential target at 6160; 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 6850 area.
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