Bitcoin exchange rate forecast for October 17, 2018

The price continues to move as part of the correction, and it seems that she has felt a new support line. At least the level of $6 700, previously noted as a zone of resistance, is clearly becoming a principal level. At the same time, the price is still within the allotted corridor, on the way out of which it is planned to build forecasts for the medium term.

If we focus on technical indicators, we should expect a further price reduction of at least $ 200-300. However, the further situation is still in favor of the main cryptocurrency: even skeptics notice that when the stock exchanges closes, the bitcoin grows. The situation with Bitfinex should not be an exception: you can expect a flow of assets into a relatively stable cryptocurrency from altcoins. Looking for a more relaxed haven will be many investors, previously sympathetic to new and able to explode assets. Moreover, although the price is hardly capable of another similar jerk-wick, the consequences of the hype should warm up the situation. The consequences of the incident, according to the most modest estimates, will come to a hike at least until the weekend.