Bitcoin BTC/USD are trading at 4002 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $70 852 375 749. Moving averages indicate the presence of a bearish trend in Bitcoin. At the moment, we should expect an attempt to reduce and test the support level near the area of 3950. 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 4600.
Bitcoin Forecast and Analysis BTC/USD January 10, 2019
In favor of the growth of BTC/USD quotes, a test of the uptrend trend on the relative strength index (RSI) will be made. And also test the upper limit of the model «Triangle». Cancellation of the Bitcoin rate growth option will also lead to the breakdown of the 3750 area. This will indicate that the support area is broken down and Bitcoin continues to fall with the potential target at 3450. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the 4165, we should expect confirmation of the growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD January 10, 2019 suggests an attempt to test the support level near the area of 3950. And then the cryptocurrency will continue to grow with a potential target of 4600. An additional signal in favor of the growth of the Bitcoin rate will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth of cryptocurrency will be the fall and the breakdown of the 3750 area.