Bitcoin are trading at 11183 and continue to move as part of the decline and the downward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $ 196 651 539 143. Moving averages indicate the presence of an upward trend in BTC/USD. As part of the cryptocurrency rate forecast for tomorrow, August 14, 2019, we should expect an attempt to reduce and test the support level near the area of 10545. 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 14155.
Bitcoin Forecast and Analysis BTCUSD August 14, 2019
In favor of raising BTC/USD quotes, a test of the upward trend line on the relative strength index (RSI) will come out. 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 10050 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 9250. With the breakdown of the resistance area and closing of cryptocurrency quotes above 11850, we should expect confirmation of a growth in the digital asset rate.
Bitcoin Forecast and Analysis BTCUSD August 14, 2019 suggests an attempt to test the support level near the area of 10545. And then the cryptocurrency will continue to grow with a potential target at the level of 14155. An additional signal in favor of the growth of the Bitcoin exchange rate will be the test of the upward trend line on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the 10050 area. This will indicate a continued decline with a potential target below 9250.
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