Bitcoin BTC/USD are trading at 3523 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $62 830 144 795. Moving averages indicate the presence of a downward trend in Bitcoin. At the moment, we should expect an attempt of growth and a test of the resistance level near the area of 3570. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with the goal below 3280.
Bitcoin Forecast and Analysis BTC/USD January 15, 2019
In favor of falling BTC/USD quotes, a test of the downward trend line on the relative strength index (RSI) will come out. The cancellation of the Bitcoin exchange rate option will be a strong growth and a breakdown of the 3700 area. This will indicate a breakdown of the resistance level and the continued growth of the Bitcoin rate with a potential target at 3950. With the breakdown of the support area and the closure of cryptocurrency quotes below 3400, a decline in the digital asset rate can be expected.
Bitcoin Forecast and Analysis BTC/USD January 15, 2019 suggests an attempt to test the resistance level near 3570. And then the cryptocurrency will continue to fall with a potential target of 3280. An additional signal in favor of Bitcoin depreciation will be a test of the trend line on the relative strength index (RSI). Cancellation of the option of falling cryptocurrency will be the growth and breakdown of the 3700 region.