Bitcoin BTC/USD are trading at 11278 and continue to move as part of the growth and bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $202 839 630 608. Moving averages indicate a bullish Bitcoin trend. As part of the cryptocurrency exchange rate forecast for June 26, 2019, we should expect an attempt to decline and a test of the support level near the area of 10785. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the area of 12275.
Bitcoin Forecast and Analysis BTC/USD June 26, 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 9965 region. This will indicate a breakdown of the lower boundary of the channel and a further decline in the Bitcoin rate with a potential target at 8650. 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 26, 2019 implies an attempt to test the support level near 10785. And further, cryptocurrency will continue to grow with a potential target of 12275. 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 9965 region. This will indicate a further decline with a potential target below 8650.