BTC/USD are trading at 7208 and continue to move as part of the correction and the bearish channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $130 919 587 421. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices are far from signal lines, indicating pressure from sellers. As part of the cryptocurrency rate forecast for December 13, 2019, we should expect an attempt to drop the value of the digital asset and test the support level near the area of 7025. 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 8085.
Bitcoin Forecast and Analysis BTC/USD December 13, 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 downward channel. Cancellation of the Bitcoin exchange rate growth option will be a fall and a breakdown of the 6655 area. This will indicate a breakdown of the lower boundary of the model and a continued decline in the Bitcoin exchange rate with a potential target at 6105. With the breakdown of the resistance area and closing of cryptocurrency quotes above 7655, we should expect confirmation of a growth in the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD December 13, 2019 suggests an attempt to test the support level near the area of 7025. And then, the cryptocurrency will continue to grow with a potential target at the level of 8085. 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 6655 area. This will indicate a continued fall with a potential target below the 6105 area.
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