Bitcoin weekly forecast April 23 — 27, 2018


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Bitcoin BTC/USD completes the trading week at 8295 and continue to move within the framework of the bullish correction. At this point, we should expect a test of the support area near the level of 6700. Once again, we should expect a rebound and an attempt to grow Bitcoin with a target above 11500, as part of the reversal model, the inverted «Head and Shoulders».

Bitcoin weekly forecast April 23 — 27, 2018

In favor of the growth of quotations BTC/USD will perform a test of the broken trend line on the indicator of relative strength index (RSI). The abolition of the Bitcoin growth option will be the fall and breakdown of the 6000 area, which will indicate the reversal of the reversal pattern and the continuation of the BTC/USD fall below the 4500 level.

Bitcoin weekly forecast April 23 — 27, 2018

Bitcoin weekly forecast April 23 — 27, 2018 involves trying to test the support area near the level of 6700 and continuing growth in the area above the level of 11500, an additional signal for Bitcoin’s growth will be a test of the support line on the relative strength index (RSI), and the formation of a reversal model «Head and Shoulders».


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