Cryptocurrency capitalization at the time of the publication of the forecast is $186 608 048 609. Moving averages indicate the presence of a downward trend in Bitcoin. As part of the cryptocurrency rate forecast for tomorrow, August 15, 2019, one should expect an attempt to grow and test the resistance level near the area of 10855. From where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with a target below the area of 9185.
Bitcoin Forecast and Analysis BTCUSD August 15, 2019
In favor of reducing the BTCUSD quotes, a test of the downward resistance line on the relative strength index (RSI) will come out. The second signal will be a rebound from the upper border of the bear channel. Cancellation of the Bitcoin depreciation option will be a strong growth and a breakdown of the 11450 area. This will indicate a breakdown of the upper border of the channel and continued growth of the Bitcoin exchange rate with a potential target at 12355. With the breakdown of the support area and closing of cryptocurrency quotes below 10150, we should expect confirmation of a digital asset depreciation.
Bitcoin Forecast and Analysis BTCUSD August 15, 2019 suggests an attempt to test the resistance level near the area of 10855. And then the cryptocurrency will continue to fall with a potential target at 9185. An additional signal in favor of the Bitcoin exchange rate will be a test of a downward trend line on the relative strength index (RSI). Cancellation of the option of falling cryptocurrency will be a strong growth and a breakdown of the area of 11450. This will indicate a continuation of the rise with a potential target above 12355.
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