Bitcoin BTC/USD completes the trading week at 6511 and continues to move within the limits of the decline. At the moment, we should expect an attempt to test the lower limit of the «Triangle» model near the level of 7000. Again, we should expect a rebound and an attempt to continue the fall of the Bitcoin exchange rate with a target below 4000 as part of the model’s development.
Bitcoin weekly forecast June 18 — 22, 2018
In favor of falling quotations BTC/USD will test the resistance line on the indicator of relative strength index (RSI). The abolition of Bitcoin’s fall will be a strong growth and a breakdown of the area of 7700, which will indicate the breakdown of the lower bound of the «Triangle» model and the continuation of BTC/USD growth above the level of 8500. A breakdown of the support area and the closing of quotes below the level of 5800 will prove the development of the bearish trend.
Bitcoin weekly forecast June 18 — 22, 2018 suggests an attempt to test the lower limit of the «Triangle» model near the level of 7000 and continue falling to the area below the level of 4000, an additional signal in favor of the Bitcoin drop will be a trend line test on the relative strength index (RSI).
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