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 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.