Bitcoin BTC/USD completes the trading week at 6436 and continues to move within the flat trend. At this point, we should expect an attempt to test the support area near the level of 6000. Once again, we should expect a rebound and an attempt to continue the growth of the Bitcoin exchange rate with a potential target above the level of 8700.
Bitcoin weekly forecast & analysis August 20 — 24, 2018
In favor of the growth of quotations BTC/USD on the current trading week of August 20 – 24, 2018 will test the support area on the indicator of relative strength index (RSI). The abolition of the Bitcoin growth option will be a strong growth and a breakdown of the area of 5500, which will indicate the breakdown of the support area and the continued decline of BTC/USD below the level of 4500. Proof of the growth will be the breakdown of the resistance area and the closing of quotes above the level of 7350.
Bitcoin weekly forecast & analysis August 20 — 24, 2018 suggests an attempt of a support area near the level of 6000 and the continuation of the growth of the cryptocurrency in the area above the level of 8700, an additional signal for the growth of the Bitcoin rate will be a test of the support area on the indicator of relative strength index (RSI), the cancellation of the growth of quotations will be a strong fall and a breakdown of the area of 5500.
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