Bitcoin BTC/USD are traded at 6451 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 $111 889 147 056. At this point, we should expect a test of the resistance level near the area of 6520. 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 5950.
Bitcoin forecast & technical analysis September 18, 2018
In favor of falling quotes BTC/USD will test the resistance line on the indicator of relative strength, as well as test the upper limit of the model «Triangle». The abolition of the Bitcoin depreciation option will be a strong growth and breakdown of the 6650 area, which will indicate the breakdown of the upper bound of the «Triangle» model and the continued growth of the Bitcoin exchange rate. With the breakdown of the support area and the closing of the quotes of the cryptocurrency below 6200, one should expect confirmation of the development of the depreciation of the digital asset.
Bitcoin forecast & technical analysis September 18, 2018 involves an attempt to test the resistance level near the area of 6520 and the continuation of the fall of the cryptocurrency with a potential target at 5950, an additional signal in favor of Bitcoin depreciation will test the trend line on the relative strength index (RSI).
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