Bitcoin BTC/USD are trading at 4949 and continue to move as part of strong growth. Cryptocurrency capitalization at the time of the publication of the forecast is $87 469 910 392. 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 4655. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with the goal above the level 5455.
Bitcoin Forecast and Analysis BTC/USD April 4, 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 rising channel. Cancellation of the Bitcoin rate growth option will be a fall and a breakdown of the 4455 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 5065, we should expect confirmation of the growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD April 4, 2019 implies an attempt to test the support level near 4655. And then the cryptocurrency will continue to grow with a potential target at 5455. 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 4455. This will indicate a continued decline with a potential target below 3955.
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