BTC/USD are trading at 7375 and continue to move as part of the growth. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $133 814 268 329. 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 8, 2020, we should expect an attempt to correct the value of the digital asset and test the support level near the area of 6965. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the area of 8025.
Bitcoin Forecast and Analysis BTC/USD April 8, 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 6705 area. This will indicate a breakdown of the lower border of the channel and a continued fall of the Bitcoin exchange rate with a potential target at 5965. With the breakdown of the resistance area and closing of cryptocurrency quotes above 7595, we should expect confirmation of a growth in the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD April 8, 2020 suggests an attempt to test the support level near the area of 6965. And then, the cryptocurrency will continue to grow with a potential target at the level of 8025. An additional signal in favor 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 6705. This will indicate a continued decline with a potential target below the area of 5965.
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