Bitcoin BTC/USD are traded at the level of 6502 and continue to move within the correction. Capitalization of the cryptocurrency at the time of publication of the forecast is $113 080 010 461. At this point, we should expect a test of the resistance level near the area of 6650. 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 5920.
Bitcoin forecast & technical analysis September 27, 2018
In favor of lowering the quotations of BTC/USD, a trend line test will be performed on the indicator of relative strength index (RSI). The abolition of the variant of the Bitcoin depreciation will be a strong growth and the breakdown of the 6800 area, which will indicate the breakdown of the upper border of the channel and the continued growth of the Bitcoin exchange rate with the potential target at 7150. With the breakdown of the support area and the closing of the quotes of the cryptocurrency below 6200 it is necessary to confirm the development of the depreciation option digital asset.
Bitcoin forecast & technical analysis September 27, 2018 suggests a test of the resistance level near the 6650 area and the continuation of the decline of the cryptocurrency with a potential target at 5920, an additional signal in favor of the Bitcoin depreciation will be a trend line test on the relative strength index (RSI).
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