Bitcoin BTC/USD are trading at 3587 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $64 182 451 494. Moving averages indicate the presence of a bullish trend in Bitcoin. At the moment, we should expect an attempt to fall and a test of the support level near the area of 3525. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with the goal above the level of 3855.
Bitcoin Forecast and Analysis BTC/USD February 12, 2019
A test of the rising trend line on the relative strength index (RSI) will be in favor of the BTC/USD price increase. As well as a rebound from the lower boundary of the rising channel. Cancellation of the Bitcoin rate growth option will be a fall and a breakdown of the 3450 area. This will indicate a breakdown of the channel lower boundary and a continued decline of the Bitcoin rate with a potential target at 3350. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the level of 3655, we should expect confirmation of the growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD February 12, 2019 suggests an attempt to test the support level near 3525. And then the cryptocurrency will continue to grow with a potential target at 3855. An additional signal in favor of the Bitcoin exchange rate will be the trend uptrend on the relative strength index (RSI). Cancellation of the option of raising the cryptocurrency will fall and the breakdown of the area of 3450. This will indicate a continued decline with a potential target below 3350.