BTC/USD are trading at 7292 and continue to move as part of the growth. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $133 538 763 403. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices are testing the area between the lines, which indicates pressure from Digital Gold buyers and a potential continuation of growth in the near future. As part of the cryptocurrency rate forecast for tomorrow, April 10, 2020, we should expect an attempt to correct the value of the digital asset and test the support level near the area of 7035. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the area of 8055.
Bitcoin Forecast and Analysis BTC/USD April 10, 2020
An additional signal in favor of the rise in BTC/USD quotes will be an uptrend test on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the ascending channel. Cancellation of the Bitcoin exchange rate growth option will be a fall and a breakdown of the 6855 area. This will indicate a breakdown of the lower boundary of the channel and a continued fall of the Bitcoin rate with a potential target at 6245. With the breakdown of the resistance area and closing of cryptocurrency quotes above 7595, we should expect confirmation of a growth in the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD April 10, 2020 suggests an attempt to test the support level near the area of 7035. And then, the cryptocurrency will continue to grow with a potential target at the level of 8055. An additional signal in favor of the growth of the Bitcoin exchange rate will be the support line test on the relative strength index (RSI). Cancellation of the option of raising the cryptocurrency will be a fall and a breakdown of the area of 6855. This will indicate a continued decline with a potential target below the area of 6245.
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