Bitcoin BTC/USD are trading at 7790 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $138 926 135 307. Moving averages indicate the presence of an upward trend in Bitcoin. As part of the cryptocurrency exchange rate forecast for June 12, 2019, we should expect an attempt to decline and a test of the support level near the 7525 region. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the 9465 region.
Bitcoin Forecast and Analysis BTC/USD June 12, 2019
In favor of the growth of BTC/USD quotes, a test of the rising trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the Triangle model. Cancellation of the Bitcoin growth rate will be a fall and a breakdown of the 7025 area. This will indicate a breakdown of the lower border of the model and a continued decline of the Bitcoin exchange rate with a potential target of 6655. With the breakdown of the upper boundary of the Triangle model and the closure of cryptocurrency quotes above 8665 digital asset rate.
Bitcoin Forecast and Analysis BTC/USD June 12, 2019 suggests an attempt to test the support level near 7525. And further cryptocurrency growth continues with a potential goal at 9465. An additional signal in favor of raising the Bitcoin rate will be a test of the rising trend line on the relative strength index (RSI). Cancellation of the option of cryptocurrency growth will fall and the breakdown of the 7025 region. This will indicate a continued decline with a potential target below 6655.
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