Bitcoin BTC/USD are traded at 6433 and continue to move within the correction. At this point, we should expect an attempt to test 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 5550.
Bitcoin (BTC/USD) technical analysis August 14, 2018
In favor of lower quotations BTC/USD will test the resistance area on the indicator of relative strength index (RSI). The abolition of the Bitcoin growth option will be the fall and breakdown of the area 6950, which will indicate the breakdown of the resistance area 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 the level of 6050, one should expect confirmation of the development of the fall variant.
Bitcoin (BTC/USD) technical analysis August 14, 2018 suggests an attempt to test the resistance level near the 6650 area and continue falling of the cryptocurrency with a potential target at 5550, an additional signal in favor of the Bitcoin depreciation will be a resistance area test on the relative strength index (RSI).
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