Bitcoin Forecast and Analysis BTC/USD June 18, 2020

BTC/USD are trading at 9491 and continue to move as part of the growth and the downward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $173 222 640 985. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices are testing the area between the lines, which indicates pressure from the sellers of Digital Gold and the potential continuation of the fall in the value of the asset. As part of the cryptocurrency rate forecast for tomorrow, June 18, 2020, one should expect an attempt to develop a correction in the value of the digital asset and a test of the support level near the area of ​​9165. Where again we should expect a rebound and an attempt to continue the rise in the Bitcoin rate with the target above the area of ​​10455.

Bitcoin Forecast and Analysis BTC/USD June 18, 2020

An additional signal in favor of the growth of BTC/USD quotes will be an uptrend test on the relative strength index (RSI). Cancellation of the option to increase the rate and value of Bitcoin will be a fall in the value of the asset and a breakdown of the area of ​​8805. This will indicate a breakdown of the support area and a continued decline in the rate of Bitcoin with a potential target at 7605. With the breakdown of the resistance area and closing of cryptocurrency quotes above 9905, we should expect confirmation of a rise in the rate digital asset.

Bitcoin Forecast and Analysis BTC/USD June 18, 2020 implies an attempt to test the support level near the area of ​​9165. And then, the cryptocurrency will continue to grow with a potential target at 10455. An additional signal in favor of the Bitcoin appreciation will be the support line test on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the 8805 area. This will indicate a continued fall with a potential target below the 7605 area.

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