Bitcoin BTC/USD are trading at 3779 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $67 582 778 573. Moving averages indicate a bitcoin uptrend. At the moment, we should expect an attempt to grow and test the resistance level near the area of 3820. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin exchange rate with the goal below the level of 3410.
Bitcoin Forecast and Analysis BTC/USD February 27, 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 a 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 3650, a digital asset will fall.
Bitcoin Forecast and Analysis BTC/USD February 27, 2019 suggests an attempt to test the resistance level near 3820. And then the cryptocurrency will continue to fall with a potential goal of 3410. 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.