BTC/USD are trading at the level of 47300 and continue to move as part of the growth and the beginning of the development of the “Triangle” model. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $895,957,616,030. Moving averages indicate a short-term bullish trend for Bitcoin. Prices have broken through the area between the signal lines, which indicates pressure from buyers of Digital Gold and a potential continuation of the fall in the value of the asset from current levels. As part of the cryptocurrency exchange rate forecast for tomorrow, March 31, 2022, we should expect an attempt to develop a correction in the value of a digital asset and a test of the support level near the 44505 area. From where we should again expect a rebound upwards and an attempt to continue the growth of the Bitcoin rate with a target above the 55305 area.
Bitcoin Forecast BTC/USD April 1, 2022
An additional signal in favor of the growth of BTC/USD quotes will be a test of the trend line on the relative strength index (RSI). The second signal in favor of this option will be a rebound from the upper border of the “Triangle” pattern. Cancellation of the growth option for the exchange rate and the cost of Bitcoin will be a fall in the value of the asset and a breakdown of the area of 38155. This will indicate a breakdown of the support area and a continued fall in the Bitcoin exchange rate with a potential target at 34505. A confirmation of the rise in the price of the asset will be a breakdown of the resistance area with the price fixing above the level of 49805.
Bitcoin Forecast BTC/USD April 1, 2022 suggests an attempt to test the support level near the area of 44505. And further, the continued growth of the cryptocurrency with a potential target at 55305. An additional signal in favor of the growth of the Bitcoin rate will be a test of the support line on the relative strength index (RSI). Cancellation of the cryptocurrency rise option will be a fall and a breakdown of the 38155 area. This will indicate a continued decline with a potential target below the 34505 area.
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