Bitcoin BTC/USD ends the trading week at 4029 and continues to move as part of growth. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to fall and a test of the support area near the level of 3725. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a potential target above the level of 5215.
Bitcoin Forecast and Analysis April 1 — 5, 2019
In the current trading week of April 1 — 5, 2019, a test of the rising trend line on the relative strength index (RSI) will be in favor of raising the BTC/USD quotes. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the Bitcoin growth option will be a fall and a breakdown of 3370. This will indicate a breakdown of the lower boundary of the model and the continuation of BTC/USD falling with a potential target below 2950. Confirmation of the development of the upward trend will be a breakdown of the resistance area and closing of quotes above 4200.
Bitcoin Forecast and Analysis April 1 — 5, 2019 implies an attempt at the support area near the level of 3725. Then, the continued growth of cryptocurrency to the area above the level of 5215. An additional signal in favor of raising the Bitcoin rate will be the test of support line on the relative strength index (RSI). The cancellation of the Bitcoin cryptocurrency quotes growth option will be a fall and a breakdown of the 3370 region. In this case, we should expect a further decline.