Cryptocurrency prices analysis and forecast – 20 October 2018

Cryptocurrency prices analysis and forecast – 20 October 2018
BTC/USD
BTC/USD is being traded at $6,560 and continues to decline. After the expected fall to $6,500, the price has stabilized a bit. On the technical analysis side, the fourth day is trading along the resistance line of the triangle, level D1. We are witnessing phenomenally low volatility compared to last year. This allows the price for an incredibly long time to remain inside a contracting triangle, with a bottom edge of $6,000 and downward resistance. Already at the end of next week, the downward resistance will cross the support line. ...
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