BTC/USD are trading at 10311 and continue to move as part of the growth and bullish channel. Quotes checked the strength level of 9655. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $184 594 552 258. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices continue to push from the area between the lines, indicating bullish pressure. As part of the cryptocurrency rate forecast for tomorrow, February 12, 2020, one should expect an attempt to lower the value of the digital asset and test the support level near the area of 9565. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with the target above the area of 11755.
Bitcoin Forecast and Analysis BTC/USD February 12, 2020
An additional signal in favor of the growth of BTC/USD quotes will be an uptrend test on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the ascending channel. Cancellation of the option to raise the Bitcoin rate will be a fall and a breakdown of the area of 8805. This will indicate a breakdown of the lower border of the channel and a continued fall of the Bitcoin rate with a potential target at 8005. With the breakdown of the resistance area and closing of cryptocurrency quotes above the level of 10765, we should expect confirmation of a growth in the rate of the digital asset.
Bitcoin Forecast and Analysis BTC/USD February 12, 2020 suggests an attempt to test the support level near the area of 9565. And then, the cryptocurrency will continue to grow with a potential target at 11755. An additional signal in favor of the Bitcoin exchange rate 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 8805 area. This will indicate a continued decline with a potential target below the 8005 area.
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