Bitcoin BTC/USD are trading at the level of 10112 and continue to move within the correction and the bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $177 576 495 382. Moving averages indicate a bitcoin uptrend. As part of the cryptocurrency exchange rate forecast for July 3, 2019, we should expect an attempt to decline and a test of the support level near the area of 9050. Where should we again expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the area of 12450.
Bitcoin Forecast and Analysis BTC/USD July 3, 2019
A test of the support area on the relative strength indicator will be in favor of the BTC/USD price increase. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the Bitcoin exchange rate growth option will be a fall and a breakdown of the 8155 area. This will indicate a breakdown of the lower boundary of the channel and the continuation of the Bitcoin exchange rate decline with a potential target at 7250. With the breakdown of the resistance area and the closure of the cryptocurrency quotes above the level of 11035, we should expect confirmation of growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD July 3, 2019 suggests an attempt to test the support level near the 9050 area. And further cryptocurrency growth continues with a potential target of 12,450. An additional signal in favor of Bitcoin depreciation is a downward trend test on the relative strength indicator. Cancellation of the option of falling cryptocurrency will be a strong growth and the breakdown of the area of 8155. This will indicate a continuation of the rise with a potential target above 7250.