Bitcoin Forecast and Analysis BTC/USD April 30, 2020

BTC/USD are trading at 8321 and continue to move as part of strong growth and an upward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $153 725 435 080. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices have pierced the area between the lines up, which indicates pressure from the buyers of Digital Gold. As part of the cryptocurrency rate forecast for April 30, 2020, we should expect an attempt to correct the value of the digital asset and test the support level near the area of ​​7675. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with the target above the area of ​​8955.

Bitcoin Forecast and Analysis BTC/USD April 30, 2020

An additional signal in favor of the growth of 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 area of ​​7265. This will indicate a breakdown of the lower boundary of the rising channel and a continuation of the fall of the Bitcoin rate with a potential target at 6505. With the breakdown of the resistance area and closing of cryptocurrency quotes above 6905, we should expect confirmation of a rise in the rate of the digital asset.

Bitcoin Forecast and Analysis BTC/USD April 30, 2020 suggests an attempt to test the support level near the area of ​​7675. And then, the cryptocurrency will continue to grow with a potential target at 8955. An additional signal in favor of the Bitcoin appreciation will be the support line test on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the 7265 area. This will indicate a continued decline with a potential target below the 6505 area.

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