Bitcoin BTC/USD are traded at 6263 and continue to move within the limits of the decline. Capitalization of the cryptocurrency at the time of publication of the forecast is $108 675 123 229. At this point, we should expect a test of the resistance level near the area of 6350. 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 19, 2018
In favor of falling quotes BTC/USD will test the resistance line on the indicator of relative strength index (RSI), as well as test the upper boundary of the channel. The abolition of the Bitcoin depreciation scenario will be a strong growth and a breakdown of the 6400 area, which will indicate the breakdown of the upper boundary of the bearish channel 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 the level of 6160, one should expect confirmation of the development of the variant of the depreciation of the digital asset.
Bitcoin forecast & technical analysis September 19, 2018 involves an attempt to test the resistance level near the area of 6350 and continue falling of the cryptocurrency with a potential target at the level of 5950, an additional signal in favor of Bitcoin depreciation will be a trend line test on the relative strength index (RSI).
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