Bitcoin BTC/USD are trading at 3513 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $63 502 356 553. Moving averages indicate a bearish trend in Bitcoin. At the moment, we should expect an attempt to grow and test the resistance level near the area of 3575. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin exchange rate with the goal below 3260.
Bitcoin Forecast and Analysis BTC/USD January 22, 2019
In favor of the fall in BTC/USD quotes, a test of the downward trend line on the relative strength index (RSI) appears. Cancellation of the Bitcoin exchange rate decline will be a strong growth and breakdown of the 3680 area. This will indicate breakdown of the upper downward channel and continued growth of the Bitcoin rate with the potential target at 4150. With the breakdown of the support area and closing of cryptocurrency quotes below the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD January 22, 2019 suggests an attempt to test the resistance level near 3575. And then the cryptocurrency will continue to fall with a potential target at 3260. An additional signal in favor of Bitcoin depreciation will be the test of forming a reversal model on the relative strength index (RSI). Cancellation of the option of falling cryptocurrency will be growth and a breakdown of the area of 3680. This will indicate continued growth with a potential target above 4150.
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