Bitcoin BTC/USD are traded at the level of 6365 and continue to move within the framework of correction and formation of the «Triangle» model. Capitalization of the cryptocurrency at the time of publication of the forecast is $110 699 714 075. At this point, we should expect a test of the resistance level near the area of 6550. Again, we should expect a rebound and an attempt to continue the fall of the Bitcoin exchange rate with a target below 5650 level.
Bitcoin forecast & technical analysis September 21, 2018
In favor of lower quotations BTC/USD will test the resistance line on the indicator of relative strength index (RSI). The abolition of the option for decreasing the Bitcoin exchange rate will be a strong growth and breakdown of the 6750 area, which will indicate the breakdown of the upper limit of the Triangle model and the continued growth of the Bitcoin exchange rate with a potential target at 7450. With the breakdown of the «Triangle» lower bound and the closing of the cryptocurrency quotes below 5950 It is necessary to expect confirmation of the development of the option of falling of the rate of the digital asset
Bitcoin forecast & technical analysis September 21, 2018 involves an attempt to test the resistance level near the area of 6550 and continue the fall of the cryptocurrency with a potential target at 5650, an additional signal in favor of Bitcoin depreciation will be a trend line test on the relative strength index (RSI).
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