BTC/USD are trading at 10308 and continue to move as part of the growth and bullish channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $187 731 500 352. Moving averages indicate the presence of a short-term bullish trend in Bitcoin. Prices continue to push from the area between the lines, indicating pressure from buyers of digital gold. As part of the cryptocurrency rate forecast for February 13, 2020, we should expect an attempt to lower the value of the digital asset and test the support level near the area of 9725. 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 11865.
Bitcoin Forecast and Analysis BTC/USD February 13, 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 exchange rate will be a fall and a breakdown of the 8945 area. This will indicate a breakdown of the lower border of the channel and a continuation of the fall of the Bitcoin rate with a potential target at 8205. With the breakdown of the resistance area and closing of cryptocurrency quotes above 10835, we should expect confirmation of a growth in the rate of the digital asset.
Bitcoin Forecast and Analysis BTC/USD February 13, 2020 suggests an attempt to test the support level near the area of 9725. And then, the cryptocurrency will continue to grow with a potential target at 11865. 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 8945 area. This will indicate a continued decline with a potential target below the 8205 area.
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