Bitcoin BTC/USD are traded at 7893 and continue to move within the limits of the bearish trend. At this point, we should expect a test of the resistance area near the level of 8200. Where again we should expect a rebound and an attempt to continue the Bitcoin fall with a target below the level of 6500.
Bitcoin (BTC/USD) technical analysis on March 28, 2018
In favor of falling quotes BTC/USD will perform a test of a broken trend line on the indicator of relative strength index (RSI). The abolition of Bitcoin fall will be a strong growth and breakdown of the 8800 area, which will indicate the breakdown of the upper boundary of the «Triangle» model and the continuation of the growth above the level of 10500. The bottom line of the «Triangle» model and the closure below the level of 7300 will prove the development of the bearish trend.
Bitcoin (BTC/USD) technical analysis on March 28, 2018 suggests an attempt to test the resistance area near the 8200 level and continue falling with a potential target at 6500, an additional signal in favor of the Bitcoin drop will be a trendline test on the relative strength index (RSI).
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