Bitcoin BTC/USD are traded at the level of 9327 and continue to move within the ascending channel. At this point, we should expect a test of the support level near the area of 9150. Again, we should expect a rebound and an attempt to continue the growth of the Bitcoin exchange rate with a target above 10150.
Bitcoin (BTC/USD) technical analysis May 8, 2018
In favor of the growth of quotations BTC/USD will perform a test of the support area on the indicator of relative strength index (RSI). The abolition of the Bitcoin growth option will be the fall and breakdown of the 8900 area, which will indicate the breakdown of the lower boundary of the outgoing channel and the continued drop in the Bitcoin exchange rate. A confirmation of the development of the growth of the cryptocurrency will be the breakdown of the resistance area and the closure above the level of 9650.
Bitcoin (BTC/USD) technical analysis May 8, 2018 involves an attempt to test the lower border of the channel near the area of 9150 and continue growth with a potential target at 10150, an additional signal in favor of Bitcoin’s growth will be a test of the support area on the indicator of relative strength index (RSI).
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