Bitcoin Forecast and Analysis BTC/USD June 24, 2020



BTC/USD are trading at 9642 and continue to move as part of the growth and downward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $177 479 020 277. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices have pierced the area between the uplines, which indicates pressure from the buyers of Digital Gold and the potential continuation of the growth in the value of the asset. As part of the cryptocurrency rate forecast for tomorrow, June 24, 2020, we should expect an attempt to develop a correction in the value of a digital asset and a test of the resistance level near the area of ​​9705. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with a target below the area of ​​8935.

Bitcoin Forecast and Analysis BTC/USD June 24, 2020

An additional signal in favor of falling BTC/USD quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the option to drop the Bitcoin exchange rate and value will be a strong increase in the value of the asset and the breakdown of the 10025 area. This will indicate a breakdown of the resistance area and continued growth of the Bitcoin rate with a potential target at 11055. With the breakdown of the support area and closing of the cryptocurrency quotes, the fall of 9105 should be expected to confirm the fall digital asset rate.

Bitcoin Forecast and Analysis BTC/USD June 24, 2020

Bitcoin Forecast and Analysis BTC/USD June 24, 2020 suggests an attempt to test the resistance level near the area of ​​9705. And then, the cryptocurrency will continue to fall with a potential target at 8935. An additional signal in favor of the Bitcoin exchange rate will be the resistance line test on the relative strength index (RSI). Cancellation of the option of falling cryptocurrency will be a strong growth and the breakdown of the area of ​​10025. This will indicate a continuation of the rise with a potential target above the area of ​​11055.


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