Bitcoin BTC/USD completes the trading week at 7395 and continues to move within the framework of the decline and formation of the «Triangle» model. At this point, we should expect an attempt to test the support area near the level of 7000. Again, we should expect a rebound and an attempt to increase the Bitcoin rate with a target above 12500.
Bitcoin weekly forecast May 28 — June 1, 2018
In favor of the growth of quotations BTC/USD will test the upward trend line on the indicator of relative strength index (RSI). The abolition of the Bitcoin growth scenario will be the fall and breakdown of the 6000 area, which will indicate the breakdown of the lower bound of the «Triangle» model and the continuation of the BTC/USD fall below 4500. Confirmation of the growth of the crypto currency will trigger a breakdown of the upper bound of the «Triangle» model and the closing of quotes above the level of 9500.
Bitcoin weekly forecast May 28 — June 1, 2018 involves trying to test the support area near the level of 7000 and continuing growth to an area above the level of 12500, an additional signal in favor of Bitcoin’s growth will be a test of the support line on the indicator of relative strength index (RSI).
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