Bitcoin BTC/USD are trading at 11757 and continue to move as part of the growth and formation of the «Head and Shoulders» reversal pattern. Cryptocurrency capitalization at the time of the publication of the forecast is $209 611 966 161. 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 10950. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the 14150 area.
Bitcoin Forecast and Analysis BTC/USD July 5, 2019
A test of the support line on the relative strength indicator will be in favor of the BTC/USD price increase. The second signal will be the formation of a reversal pattern. Cancellation of the growth rate option Bitcoin will fall and the breakdown of the 9150 area. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of the course Bitcoin with a potential target at the level of. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the level of 12250, we can expect confirmation of the growth rate of the digital asset.
Bitcoin Forecast and Analysis BTC/USD July 5, 2019 implies an attempt to test the support level near 10950. And then the cryptocurrency will continue to grow with a potential target of 14150. 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 of falling cryptocurrency will be a strong growth and a breakdown of the 9150 area. This will indicate a continuation of the rise with a potential target above 9150.
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