Bitcoin BTC/USD are traded at the level of 6327 and continue to move within the correction. Capitalization of the cryptocurrency at the time of publication of the forecast is $110 102 696 731. At this point, you should expect a test of the resistance level near the area of 6360. Where 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 6020.
Bitcoin forecast & technical analysis September 20, 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 option of depreciation of Bitcoin will be a strong growth and breakdown of the 6450 area, which will indicate the breakdown of the upper boundary of the descending 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 6250, one should expect confirmation of the development of the variant of the depreciation of the digital asset.
Bitcoin forecast & technical analysis September 20, 2018 involves an attempt to test the resistance level near the area of 6360 and continue falling of the cryptocurrency with a potential target at 6020, an additional signal in favor of Bitcoin depreciation will be a trend line test on the relative strength index (RSI).
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