Bitcoin BTC/USD are trading at 5403 and continue to move within the growth and ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $96 937 167 396. Moving averages indicate the presence of a bullish trend in Bitcoin. At the moment, we should expect an attempt to reduce and test the support level near the area of 5175. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with the target above the level of 6065.
Bitcoin Forecast and Analysis BTC/USD April 26, 2019
In favor of the growth of BTC/USD quotes, a test of the rising trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the Bitcoin exchange rate growth option will be a fall and a breakdown of the 5000 area. This will indicate a breakdown of the support area and the continuation of the fall of the Bitcoin rate with a potential target at 4555. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the level of 5755, we should expect confirmation of growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD April 26, 2019 implies an attempt to test the support level near 5175. And further cryptocurrency growth continues with a potential goal of 6065. An additional signal in favor of raising the Bitcoin rate will be a test of the broken trend line on the relative strength index (RSI). Cancellation of the growth of cryptocurrency will be the fall and the breakdown of the 5000 area. This will indicate a continued decline with a potential target below 4555.
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