Bitcoin Forecast and Analysis BTC/USD June 27, 2019

Bitcoin BTC/USD are trading at 12791 and continue to move as part of the growth and ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $228 347 296 190. Moving averages indicate the presence of a bullish trend in Bitcoin. As part of the cryptocurrency exchange rate forecast for June 27, 2019, we should expect an attempt to decline and a test of the support level near the area of ​​12150. Where should we again expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the 13895 area.

Bitcoin Forecast and Analysis BTC/USD June 27, 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 exchange rate growth option will be a fall and a breakdown of the 11,500 area. This will indicate a breakdown of the lower boundary of the channel and a continued depreciation of Bitcoin with a potential target at 9,650.

Bitcoin Forecast and Analysis BTC/USD June 27, 2019

Bitcoin Forecast and Analysis BTC/USD June 27, 2019 suggests an attempt to test the support level near 12150. And then the cryptocurrency will continue to grow with a potential target at 13895. An additional signal in favor of raising the rate of Bitcoin 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 ​​11500. This will indicate a continued decline with a potential target below 9650.


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