BTC/USD are traded at 32609 and continue to move as part of the correction and left the bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $608,763,088,466. Moving averages indicate a short-term bearish trend for Bitcoin. Prices went down from the area between the signal lines, which indicates pressure from the sellers of ”Digital Gold” and the potential continuation of the fall in the value of the asset already from the current levels. As part of the cryptocurrency rate forecast for tomorrow, June 22, 2021, we should expect an attempt to develop a growth in the value of a digital asset and a test of the resistance level near the 34725 area. Where again should we expect a rebound and an attempt to drop the Bitcoin rate with a target below the 26605 area.
Bitcoin Forecast and Analysis BTC/USD June 22, 2021
An additional signal in favor of reducing the BTC/USD quotes will be a test of the downward trend line on the relative strength index (RSI). The second signal will be a breakdown of the lower boundary of the bullish channel. Cancellation of the option to depreciate the Bitcoin rate and value will be a strong growth in the value of the asset and a breakdown of the 37205 area. This will indicate a breakdown of the resistance area and a continued rise in the Bitcoin exchange rate with a potential target at 43605. Confirmation of the fall in the price of the asset will be a breakdown of the support area with the price fixing below 30505.
Bitcoin Forecast and Analysis BTC/USD June 22, 2021 implies an attempt to test the resistance level near the 34725 area. And further, the cryptocurrency will continue to fall with a potential target at 26605. An additional signal in favor of the Bitcoin rate decline will be a test of the resistance line on the relative strength index (RSI). Cancellation of the cryptocurrency fall option will be a strong growth and a breakdown of the 37205 area. This will indicate a continued rise with a potential target above the 43605 area.
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