Bitcoin BTC/USD is trading at the level of 3627 and continues to move within the framework of the «Triangle» model. The capitalization of a digital asset at the time of publication of analysts is $64 092 618 684. BTC/USD quotes are traded below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates a downward trend. As part of the Bitcoin exchange rate forecast for January 13, 2019, a test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 3650. Where can we expect a rebound and an attempt to continue the growth of Bitcoin cryptocurrency with a potential target of 3350.
Bitcoin Forecast and Analysis BTC/USD January 14, 2019
In favor of the fall of the BTC/USD cryptocurrency quotes, a test of the resistance area will come out. As well as a rebound from the upper limit of the model «Triangle». Earlier, a strong signal was received for SELL the Bitcoin cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 3660.
Canceling the option of falling Bitcoin quotes will break the upper boundary of the Ichimoku Kinko Hyo Cloud with quotes closing above the 3850 area. This option will indicate a change in the downward trend in favor of the upward trend and the continued growth of the Bitcoin rate. Expect to accelerate the fall of BTC/USD quotes with the breakdown of the lower boundary of the «Triangle» model and closing below the 3500 area.
Bitcoin Forecast and Analysis BTC/USD January 14, 2019 implies an attempt to increase cryptocurrency and a test of the resistance level near the area of 3650. Where can we expect to continue the fall of the Bitcoin rate with a potential target near the level of 3350. Cancellation of the fall option will be a strong growth and the breakdown of the area of 3850. This will indicate continued growth.