Bitcoin BTC/USD are traded at the level of 6190 and continue to move within the framework of the formation of the «Triangle» model. Capitalization of the cryptocurrency at the time of publication of the forecast is $108 412 242 065. At this point, we should expect a test of the resistance level near the area of 6300. Again, we should expect a rebound and an attempt to continue the fall of the Bitcoin exchange rate with a target below the level of 5700.
Bitcoin forecast & technical analysis September 13, 2018
In favor of the drop in BTC/USD quotes, a resistance line test will be performed on the relative strength index (RSI) and a resistance level test near the 6450 area. The abolition of the Bitcoin depreciation scenario will result in a strong growth and breakdown of the 6700 area, which indicates a breakdown of the upper boundary of the channel and a continuation growth rate of Bitcoin. With the breakdown of the lower bound of the «Triangle» model and the closing of the cryptocurrency quotes below the level of 6050, it is necessary to expect confirmation of the development of the depreciation of the digital asset.
Bitcoin forecast & technical analysis September 13, 2018 involves an attempt to test the resistance level near the 6300 area and continue the fall of the cryptocurrency with a potential target at 5700, an additional signal in favor of Bitcoin depreciation will be a resistance line test on the relative strength index (RSI), the fall of the cryptocurrency will be a strong growth and breakdown of the region of 6700, which will indicate the continued growth of the digital currency.
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