Bitcoin BTC/USD are traded at 8376 and continue to move within the correction. At this point, we should expect an attempt to test the support area near the 8200 level. Again, we should expect a rebound and an attempt to continue Bitcoin growth with a target above 10500 as part of the development of the bullish pattern «Wolfe Wave».
Bitcoin (BTC/USD) technical analysis on March 24, 2018
In favor of the growth of quotations BTC/USD will test the trend line on the indicator of relative strength index (RSI). The abolition of Bitcoin growth growth will be the fall and breakdown of the area of 6500, which will indicate the breakdown of the support area and the continuation of the fall below the level of 5800. Confirmation of the bullish trend will be the breakdown of the resistance area and the closing above the level of 9200.
Bitcoin (BTC/USD) technical analysis on March 24, 2018 suggests an attempt of testing the support area near 8200 level and continuing growth with a potential target at the level of 10,500, an additional signal in favor of Bitcoin growth will be a test of the trend line on the indicator of relative strength index (RSI).
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