Bitcoin BTC/USD are traded at the level of 10870 and continue to move within the framework of the «Triangle» model. At this point, we should expect a test of the level of 10950. Once again, we should expect a rebound and an attempt to continue Bitcoin with a target below 9000. In favor of falling quotes, BTC/USD is the formation of the «Head and Shoulders» reversal pattern on the relative strength indicator.
Bitcoin forecast & technical analysis January 25, 2018
The abolition of the Bitcoin reduction option will be a strong growth and the breakdown of the region of 11900, which will indicate the continuation of the growth of BTC/USD above the level of 16500. With the breakdown of the lower boundary of the model and the closing below the level of 9600, we expect the Bitcoin quotations to accelerate.
Bitcoin forecast & technical analysis January 25, 2018 presupposes an attempt to test the level of 10950 and continue falling to the area below the level of 9000, an additional signal in favor of the Bitcoin drop is the formation of a reversal model on the indicator of relative strength index (RSI).
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