BTC/USD are traded at 18855 and continue to move within the growth and ascending channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 349,125,786,320. Moving averages indicate a short-term bullish trend for Bitcoin. Prices went up from the area between the lines, which indicates pressure from buyers of Digital Gold and a potential continuation of the growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, December 2, 2020, we should expect an attempt to develop a correction in the value of a digital asset and a test of the support level near the 17945 area. Where again should we expect a rebound and an attempt to raise the Bitcoin rate with a target above the 21395 area.
Bitcoin Forecast and Analysis BTC/USD December 2, 2020
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). The second signal will be a rebound of the upper border of the descending channel. Cancellation of the growth rate and value of Bitcoin will be a fall in the value of the asset and a breakdown of the area of 16205. This will indicate a breakdown of the support area and the continuation of the fall in the Bitcoin rate with a potential target at 15255. With the breakdown of the resistance area and closing of cryptocurrency quotes above the level of 19965.
Bitcoin Forecast and Analysis BTC/USD December 2, 2020 implies an attempt to test the support level near the 17945 area. And further, the cryptocurrency will continue to grow with a potential target at 21395. An additional signal in favor of the Bitcoin rate rise will be a test of the support line on the relative strength index (RSI). Cancellation of the growth option for cryptocurrency will be a fall and a breakdown of the 16205 area. This will indicate a continued decline with a potential target below the 15255 area.
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