Bitcoin BTC/USD are trading at 3918 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $69 950 463 307. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to fall and a test of the support level near the area of 3795. 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 4280.
Bitcoin Forecast and Analysis BTC/USD February 22, 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 rate growth option will be a fall and a breakdown of the 3665 area. This will indicate a breakdown of the channel lower boundary and a continued decline of the Bitcoin rate with a potential target at 3225. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the level of 4050, we should expect confirmation of growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD February 22, 2019 suggests an attempt to test the support level near 3795. And then the cryptocurrency will continue to grow with a potential target at 4280. An additional signal in favor of the Bitcoin exchange rate is 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 of 3665. This will indicate a continued decline with a potential target below 3225.