Bitcoin Forecast and Analysis BTC/USD February 20, 2019


Bitcoin BTC/USD are trading at 3870 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $69 088 641 449. 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 ​​3685. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the level of 4240.

Bitcoin Forecast and Analysis BTC/USD February 20, 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 rate growth option will be a fall and a breakdown of the 3575 area. This will indicate a breakdown of the lower boundary of the channel and a further 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 3995, we should expect confirmation of the growth of the digital asset rate.

Bitcoin Forecast and Analysis BTC/USD February 20, 2019

Bitcoin Forecast and Analysis BTC/USD February 20, 2019 suggests an attempt to test the support level near 3685. And then the cryptocurrency will continue to grow with a potential goal of 4240. 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 3575. This will indicate a continued decline with a potential target below 3350.


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