Bitcoin BTC/USD are traded at 9187 and continue to move within the growth and bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $162 783 051 417. Moving averages indicate the presence of an upward trend in Bitcoin. As part of the cryptocurrency exchange rate forecast for tomorrow, June 19, 2019, we should expect an attempt to decline and a test of the support level near the 8735 area. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the 10250 area.
Bitcoin Forecast and Analysis BTC/USD June 19, 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 rising channel. Cancellation of the Bitcoin rate growth option will be a fall and a breakdown of the 8465 area. This will indicate a breakdown of the lower border of the model and a continued decline of the Bitcoin rate with a potential target at 7305. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the 9455 rate, we should expect confirmation of the growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD June 19, 2019 suggests an attempt to test the support level near 8735. And further cryptocurrency growth continues with a potential goal of 10250. 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 cryptocurrency growth option will be a fall and a breakdown of the 8465 region. This will indicate a further decline with a potential target below 7305.
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