Bitcoin BTC/USD are trading at 8159 and continue to move as part of the growth and the beginning of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $145 142 810 474. Moving averages indicate the presence of a bearish trend in Bitcoin. As part of the cryptocurrency exchange rate forecast for June 13, 2019, we should expect an attempt to decline and a test of the support level near the 7985 area. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the 9275 region.
Bitcoin Forecast and Analysis BTC/USD June 13, 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 upper limit of the model «Triangle». Cancellation of the Bitcoin rate growth option will be a fall and a breakdown of the 7325 area. This will indicate a breakdown of the lower border of the model and a continued decline in the Bitcoin rate with a potential target at 6955. With the breakdown of the resistance area and the closure of the cryptocurrency quotes above the level of the digital asset.
Bitcoin Forecast and Analysis BTC/USD June 13, 2019 implies an attempt to test the support level near 7985. And further cryptocurrency growth continues with a potential goal of 9275. 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 area 7325. This will indicate a continued decline with a potential target below 6955.
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