Bitcoin BTC/USD are trading at 9977 and continue to move as part of the correction and the downward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $178 649 455 286. Moving averages indicate a bitter trend in Bitcoin. As part of the cryptocurrency exchange rate forecast for tomorrow, July 26, 2019, we should expect an attempt to grow and test the resistance level near the area of 10245. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with a goal below the 8055 area.
Bitcoin Forecast and Analysis BTC/USD July 26, 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 breakdown of the 11350 area. This will indicate breakdown of the upper boundary of the channel and continued growth of the Bitcoin rate with a potential target at 12150. With the breakdown of the support area and closure of cryptocurrency quotes below the 9425.
Bitcoin Forecast and Analysis BTC/USD July 26, 2019 implies an attempt to test the resistance level near the area of 10245. And further, the cryptocurrency will continue to fall with a potential target at 8055. An additional signal in favor of Bitcoin depreciation will be a test of the downward trend line on the relative strength index (RSI). Cancellation of the option to reduce cryptocurrency will be a strong growth and the breakdown of the area of 11350. This will indicate a continuation of the rise with a potential goal above 12150.
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