Bitcoin BTC/USD are trading at 5422 and continue to move as part of the growth and bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $96 834 418 798. Moving averages indicate a bitcoin uptrend. At the moment, we should expect an attempt to reduce and test the support level near the area of 5155. 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 5985.
Bitcoin Forecast and Analysis BTC/USD April 25, 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 25, 2019 implies an attempt to test the support level near 5155. And further cryptocurrency growth continues with a potential target of 5985. 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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