Bitcoin BTC/USD are trading at 3769 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $68 541 295 574. Moving averages indicate a uptrend. At the moment, we should expect an attempt to grow and test the resistance level near the area of 3815. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with the target below the level of 3450.
Bitcoin Forecast and Analysis BTC/USD February 26, 2019
In favor of reducing the BTC/USD quotes, a test of the broken trend line on the relative strength index (RSI) will be made. As well as a rebound from the lower boundary of the rising channel. The cancellation of the Bitcoin exchange rate option will be a strong growth and a breakdown of the 3965 area. This will indicate the breakdown of the resistance area and the continued growth of the Bitcoin rate with a potential target at 4150. With the breakdown of the support area and the closure of cryptocurrency quotes below the digital asset.
Bitcoin Forecast and Analysis BTC/USD February 26, 2019 suggests an attempt to test the resistance level near 3815. And then the cryptocurrency will continue to fall with a potential target at 3450. An additional signal in favor of Bitcoin depreciation will be a test of the broken trend line on the relative strength index (RSI). Cancellation of the option of falling cryptocurrency will be a strong growth and the breakdown of the area of 3965. This will indicate a continuation of the rise with a potential target above 4150.