Bitcoin BTC/USD are trading at 9774 and continue to move as part of a decline and a bearish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $175 942 901 614. Moving averages indicate the presence of a bearish trend in Bitcoin. As part of the cryptocurrency exchange rate forecast for July 25, 2019, we should expect an attempt to grow and test the resistance level near 10435 area.
Bitcoin Forecast and Analysis BTC/USD July 25, 2019
A test of the resistance line on the relative strength indicator will be in favor of the BTC/USD quotes drop. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the Bitcoin depreciation option will be a strong growth and a breakdown of the area of 11400. This will indicate a breakdown of the upper boundary of the channel and the continued growth of the Bitcoin rate with a potential target at 12,250. With the breakdown of the support area and the closure of cryptocurrency quotes below the digital asset.
Bitcoin Forecast and Analysis BTC/USD July 25, 2019 implies an attempt to test the resistance level near 10435. And further, the cryptocurrency will continue to fall with a potential target at 8145. An additional signal in favor of Bitcoin depreciation will be a test of the downward trend line on the relative strength indicator. Cancellation of the option to reduce cryptocurrency will be a strong growth and the breakdown of the area of 11400. This will indicate a continuation of the rise with a potential target above 12250.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
