Bitcoin BTC/USD are traded at 6405 and continue to move within the bullish channel. Capitalization of the cryptocurrency at the time of publication of the forecast is $111 332 278 894. 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 5950.
Bitcoin forecast & technical analysis September 7, 2018
In favor of falling quotations BTC/USD will test the resistance line on the indicator of relative strength index (RSI). The abolition of the Bitcoin reduction option will be a strong growth and 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 breakdown of the support area and the closing of the quotations of the cryptocurrency below the level of 6150, one should expect confirmation of the development of the option of depreciation of the digital asset.
Bitcoin forecast & technical analysis September 7, 2018 involves an attempt to test the resistance level near the 6650 area and continue the fall of the cryptocurrency with a potential target at 5950, an additional signal in favor of Bitcoin depreciation will be a resistance line test on the relative strength index (RSI).
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