Bitcoin exchange rate forecast for October 18, 2018
The last 24 hours did not bring anything new, the situation remained the same. The price closed the “flag”, pinning a triangle with a shrinking amplitude. Given that the volumes do not increase, and the public mood is not optimistic, you should not expect a sharp exit in any direction. Moreover, this, in turn, provokes a second wave of apathy: investors understand that the resources invested in cryptocurrency will freeze for a long time.
To say exactly which direction this pendulum will swing at the current moment is unrealistic. This can be either a breakthrough to $7 000, or a failure to $ 6 000, followed by a search for a new local bottom. Even the fact of overflow of assets from third-tier cryptocurrency cannot move the situation any serious. Prospects will show the output of the chart from the previously limited corridor. However, while the pulse is weakly beating inside it, even making plans is problematic: the price will be controlled by news, which is unrealistic to predict. With the forecast will have to wait.
