Bitcoin BTC/USD completes the trading week at 6925 and continues to move within the framework of a bullish correction. At the moment, we should expect a test of the resistance area near the level of 7150. Again, we should expect a rebound and an attempt to continue the fall of the Bitcoin exchange rate with a potential target below the level of 5850.
Bitcoin weekly forecast & analysis September 3 — 7, 2018
In favor of lowering the quotations of BTC/USD on the current trading week September 3 — 7, 2018, a resistance area test will be performed on the relative strength index (RSI). The abolition of Bitcoin’s fall will be a strong growth and the breakdown of the area of 7950, which will indicate the breakdown of the upper boundary of the bearish channel and the continuation of the growth of BTC/USD above the level of 9500. Confirmation of the fall will be the breakdown of the bottom of the rising channel and the closing of quotations below the level of 6400.
Bitcoin weekly forecast & analysis September 3 — 7, 2018 suggests an attempt of a resistance area near the level of 7150 and continuation of the fall of the cryptocurrency in the area below the level of 5850, an additional signal in favor of Bitcoin depreciation will be a test of the resistance area on the relative strength index (RSI), the abolition of the fall option will be a strong growth and breakdown of the area of 7950, in this case it is necessary to expect continued growth.
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