BTC/USD are traded at 55489 and continue to move as part of the decline and the formation of the “Triangle” pattern. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $ 1,036,462,507,063. Moving averages indicate a short-term bearish trend for Bitcoin. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of “Digital Gold” and a potential continuation of the fall in the value of the asset from the current levels. As part of the cryptocurrency rate forecast for tomorrow, April 22, 2021, we should expect an attempt to develop a rise in the value of a digital asset and a test of the resistance level near the 57005 area. Where again should we expect a rebound and an attempt to fall in the Bitcoin rate with a target below the 48755 area.
Bitcoin Forecast and Analysis BTC/USD April 22, 2021
An additional signal in favor of a fall in BTC/USD quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the “Triangle” pattern. Cancellation of the option to drop the rate and value of Bitcoin will be a strong growth in the value of the asset and a breakdown of the area of 60025. This will indicate a breakdown of the resistance area and a continued rise in the Bitcoin rate with a potential target at 68055. With the breakdown of the support area and closing of cryptocurrency quotes below 49975.
Bitcoin Forecast and Analysis BTC/USD April 22, 2021 suggests an attempt to test the resistance level near the 57005 area. And further, the cryptocurrency will continue to fall with a potential target at 48755. An additional signal in favor of the Bitcoin rate decline will be a test of the resistance line on the relative strength index (RSI). Cancellation of the cryptocurrency fall option will be a strong growth and a breakdown of the 60025 area. This will indicate a continued rise with a potential target above the 68055 area.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
