Bitcoin BTC/USD are traded at 9056 and continue to move as part of the growth and upward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $162 138 632 110. Moving averages indicate the presence of an upward trend in Bitcoin. As part of the cryptocurrency exchange rate forecast for tomorrow, June 20, 2019, we should expect an attempt to decline and a test of the support level near the area of 8905. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with the goal above the area of 10050.
Bitcoin Forecast and Analysis BTC/USD June 20, 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 8485 area. This will indicate a breakdown of the lower boundary of the upward channel and a continued decline of the Bitcoin rate with a potential target at 7605. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD June 20, 2019 suggests an attempt to test the support level near the 8905 area. And further, the cryptocurrency will continue to grow with a potential goal of 10,050. 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 growth of cryptocurrency will be the fall and the breakdown of the area 8485. This will indicate a continued decline with a potential target below 7605.
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