Bitcoin BTC/USD are trading at 4711 and continue to move as part of strong growth. Cryptocurrency capitalization at the time of the publication of the forecast is $ 82 271 260 418. Moving averages indicate the presence of an upward trend in Bitcoin. At the moment, we should expect an attempt to fall and a test of the support level near the area of 4455. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the level of 5315.
Bitcoin Forecast and Analysis BTC/USD April 3, 2019
In favor of the growth of BTC/USD quotes, a test of the downward trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the bullish channel. Cancellation of the Bitcoin exchange rate growth option will be a fall and a breakdown of the 4265 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 3955. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the level of 5045, we should expect confirmation of growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD April 3, 2019 suggests an attempt to test the support level near 4455. And then the cryptocurrency will continue to grow with a potential target at the level of 5315. 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 option of cryptocurrency growth will fall and the breakdown of the area of 4265. This will indicate a continuation of the decline with a potential target below 3955.