Bitcoin BTC/USD are trading at 5080 and continue to move as part of the correction and the ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $89 880 898 435. Moving averages indicate a bitcoin uptrend. At the moment, we should expect an attempt to fall and a test of the support level near the 4855 area. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with the goal above the level of 5805.
Bitcoin Forecast and Analysis BTC/USD April 12, 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 4705 area. This will indicate a breakdown of the support area and the continued decline of the Bitcoin rate with a potential target at 4335. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the level of 5415, we should expect confirmation of the growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD April 12, 2019 implies an attempt to test the support level near 4855. And then the cryptocurrency will continue to grow with a potential target at 5805. 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 area of 4705. This will indicate a continuation of the decline with a potential target below 4335.
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