BTC/USD are trading at 6863 and continue to move as part of the fall and the formation of the bullish «Wave Wave» pattern. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $123 803 169 311. 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 19, 2019, we should expect an attempt to drop the value of the digital asset and test the support level near the area of 6065. 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 8245.
Bitcoin Forecast and Analysis BTC/USD December 19, 2019
An additional signal in favor of the growth of BTC/USD quotes will be a test of the trend line on the relative strength index (RSI). Cancellation of the option to raise the Bitcoin exchange rate will be a fall and a breakdown of the 5205 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 4155. With the breakdown of the resistance area and closing of cryptocurrency quotes above 7405, we should expect confirmation of a growth in the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD December 19, 2019 suggests an attempt to test the support level near the area of 6065. And then, the cryptocurrency will continue to grow with a potential target at the level of 8245. 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 5205 area. This will indicate a continued decline with a potential target below the 4155 area.
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