Bitcoin BTC/USD are trading at 10834 and continue to move as part of the growth and ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $192 642 410 118. Moving averages indicate a bullish Bitcoin trend. As part of the cryptocurrency exchange rate forecast for tomorrow, June 25, 2019, we should expect an attempt to decline and a test of the support level near the area of 10350. Where should we again expect a rebound and an attempt to continue the growth of the Bitcoin rate with the target above the area of 12065.
Bitcoin Forecast and Analysis BTC/USD June 25, 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 «Triangle» model. Cancellation of the Bitcoin exchange rate growth option will be a fall and a breakdown of the 9850 area. This will indicate a breakdown of the lower border of the model and a continued decline in the Bitcoin rate with a potential target at 8500. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the 11455 rate, we should expect confirmation of the growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD June 25, 2019 suggests an attempt to test the support level near the region of 10350. And then the cryptocurrency will continue to grow with a potential target at the level of 12065. 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 option of cryptocurrency growth will fall and the breakdown of the area of 9850. This will indicate a continued decline with a potential target below 8500.