BTC/USD are trading at 7475 and continue to move as part of the correction and the upward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $135 587 242 631. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices are testing the area between the signal lines, which indicates a potential rebound from current levels up. As part of the cryptocurrency rate forecast for tomorrow, December 10, 2019, we should expect an attempt to drop the value of the digital asset and test the support level near the area of 7325. 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 8465.
Bitcoin Forecast and Analysis BTC/USD December 10, 2019
An additional signal in favor of the growth of BTC/USD quotes will be a test of the upward trend line 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 6965 area. This will indicate a breakdown of the lower boundary of the channel and a continued fall of the Bitcoin exchange rate with a potential target at 6455. With the breakdown of the resistance area and closing of cryptocurrency quotes above 7805, we should expect confirmation of a growth in the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD December 10, 2019 suggests an attempt to test the support level near the area of 7325. And then, the cryptocurrency will continue to grow with a potential target at 8465. An additional signal in favor of the Bitcoin appreciation will be the support line test on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the area of 6965. This will indicate a continuation of the fall with a potential target below the area of 6455.
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