BTC/USD are trading at 6722 and continue to move as part of the fall and the bearish channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $123 519 391 620. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices continue to build on signal lines, indicating pressure from sellers. As part of the cryptocurrency rate forecast for tomorrow, December 18, 2019, one should expect an attempt to increase the value of a digital asset and test the resistance level near the area of 7045. 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 5525.
Bitcoin Forecast and Analysis BTC/USD December 18, 2019
An additional signal in favor of falling BTC/USD quotes will be a test of a downward trend line on the relative strength index (RSI). In the Cancellation option for the Bitcoin depreciation, there will be strong growth and a breakdown of the 8200 area. This will indicate a breakdown of the upper border of the downstream channel and continued growth of the Bitcoin rate with a potential target at the level of 8755. With the breakdown of the support area and closing of cryptocurrency quotes below the level of 6245, we should expect confirmation of the depreciation digital asset.
Bitcoin Forecast and Analysis BTC/USD December 18, 2019 suggests an attempt to test the resistance level near the area of 7045. And then, the cryptocurrency will continue to fall with a potential target at 5525. An additional signal in favor of the Bitcoin exchange rate will be the resistance line test on the relative strength index (RSI). Cancellation of the option of falling cryptocurrency will be a strong growth and a breakdown of the 8200 area. This will indicate continued growth with a potential target above the 8755 area.
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