BTC/USD are trading at 7141 and continue to move as part of the growth. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $131 238 435 116. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices pushed from the area between the lines, indicating pressure from Digital Gold buyers and a potential continuation of growth in the near future. As part of the cryptocurrency rate forecast for tomorrow, April 7, 2020, one should expect an attempt to correct the value of the digital asset and test the support level near the area of 6825. 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 7655.
Bitcoin Forecast and Analysis BTC/USD April 7, 2020
An additional signal in favor of the rise in 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 6625 area. This will indicate a breakdown of the lower boundary of the channel and a continued fall of the Bitcoin rate with a potential target at the level of 5705. With the breakdown of the resistance area and closing of cryptocurrency quotes above the level of 7315, we should expect confirmation of the growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD April 7, 2020 implies an attempt to test the support level near the area of 6825. And then, the cryptocurrency will continue to grow with a potential target of 7655. An additional signal in favor of the growth of the Bitcoin exchange rate will be the support line test on the relative strength index (RSI). Cancellation of the option to raise the cryptocurrency will be a fall and a breakdown of the area of 6625. This will indicate a continued decline with a potential target below the area of 5705.
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