Bitcoin weekly forecast July 9 — 13, 2018


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Bitcoin BTC/USD ccompletes the trading week at 6533 and continues to move within the limits of the decline. At this point, we should expect an attempt to test the lower bound of the «Triangle» model near the level of 7500. Where again we should expect a rebound and an attempt to continue the decline of the Bitcoin rate with a target below 4500.

Bitcoin weekly forecast July 9 — 13, 2018

In favor of falling quotes BTC/USD will perform a downtrend test on the indicator of relative strength index (RSI). The abolition of the Bitcoin decrease option will be a strong growth and breakdown of the 8200 area, which will indicate the breakdown of the resistance area and the continued growth of BTC/USD above the level of 9500. A breakdown of the support area and the closing of quotations below the level of 5500 will prove the development of the bearish trend.

Bitcoin weekly forecast July 9 — 13, 2018

Bitcoin weekly forecast July 9 — 13, 2018 suggests an attempt of a resistance area near the level of 7500 and the continuation of the fall of the cryptocurrency in the area below the level of 4500, an additional signal in favor of a decrease in the Bitcoin rate will be a downlink resistance test on the relative strength index (RSI).


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