Bitcoin BTC/USD are trading at 3701 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $65 676 156 316. Moving averages indicate the presence of an upward trend in Bitcoin. At the moment, we should expect an attempt to fall and a test of the support level near the area of 3650. 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 19, 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 bullish channel. Cancellation of the Bitcoin exchange rate growth option will be a fall and a breakdown of the 3505 area. This will indicate a breakdown of the lower boundary of the channel 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 3765, we should expect confirmation of the growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD February 19, 2019 implies an attempt to test the support level near the area of 3650. And then the cryptocurrency will continue to grow with a potential target at 3845. An additional signal in favor of the Bitcoin appreciation is a trend uptrend on the relative strength index (RSI). Cancellation of the option of raising the cryptocurrency will be the fall and the breakdown of the area of 3505. This will indicate a continued decline with a potential target below 3350.
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