Bitcoin BTC/USD are trading at 3549 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $63 462 789 668. Moving averages indicate the presence of a downward trend in Bitcoin. At the moment, we should expect an attempt to fall and a test of the support level near the area of 3500. 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 3845.
Bitcoin Forecast and Analysis BTC/USD February 15, 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 exchange rate growth option will be a fall and a breakdown of the 3425 area. This will indicate a breakdown of the lower boundary of the channel and a continued decline in 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 3665, we should expect confirmation of growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD February 15, 2019 suggests an attempt to test the support level near the 3500 area. And further, the cryptocurrency will continue to grow with a potential target at 3845. 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 3425. This will indicate a continued decline with a potential target below 3350.