Bitcoin BTC/USD completes the trading week at 9672 and continue to move within the correction. At this point, we should expect an attempt to test the support area near the level of 8000. Again, we should expect a rebound and an attempt to grow Bitcoin with a target above 13000.
Bitcoin weekly forecast May 7 — 11, 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 breakdown of the support area and the continuation of the fall of BTC/USD below the level of 4500.
Bitcoin weekly forecast May 7 — 11, 2018 involves trying to test the support area near the level of 8000 and continuing growth in the area above the level of 13000, an additional signal for Bitcoin’s growth will be a test of the support line on the indicator of relative strength index (RSI).
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