Bitcoin BTC/USD are traded at 11373 and continue to move as part of the growth and the ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $203 152 851 700. Moving averages indicate the presence of an upward trend in Bitcoin. As part of the cryptocurrency exchange rate forecast for tomorrow, July 4, 2019, we should expect an attempt to decline and a test of the support level near the area of 9750. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the area of 13750.
Bitcoin Forecast and Analysis BTC/USD July 4, 2019
A test of the support area on the relative strength indicator will be in favor of raising the BTC/USD quotes; the values have already repelled twice from this area. 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 8250 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 cryptocurrency quotes above the 11735 rate, you should expect confirmation of the growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD July 4, 2019 suggests an attempt to test the support level near 9750. And then the cryptocurrency will continue to grow with a potential target at 13750. 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 of falling cryptocurrency will be a strong growth and the breakdown of the 8250 region. This will indicate a continuation of the rise with a potential target above 7250.
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