Bitcoin BTC/USD are trading at 11876 and continue to move as part of a strong correction and an bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $212 549 696 062. Moving averages indicate a bitcoin bullish trend. As part of the cryptocurrency exchange rate forecast for June 28, 2019, we should expect an attempt to decline and a test of the support level near the region of 11450. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the 14395 region.
Bitcoin Forecast and Analysis BTC/USD June 28, 2019
In favor of the growth of BTC/USD quotes, a test of the upward support line on the relative strength index (RSI) will come out. The second signal will be a rebound from the lower boundary of the bullish channel. Cancellation of the Bitcoin rate growth option will be a fall and a breakdown of the area of 10800. This will indicate a breakdown of the lower boundary of the channel and a continued decline of the Bitcoin rate with a potential target at 9350. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the level of 13255, we should expect confirmation of the growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD June 28, 2019 suggests an attempt to test the support level near the area of 11450. And then the cryptocurrency will continue to grow with a potential target at 14395. An additional signal in favor of raising the Bitcoin rate will be a test of the trend uptrend on the relative strength index (RSI). Cancellation of the option of cryptocurrency growth will fall and the breakdown of the area of 10800. This will indicate a continued decline with a potential target below 9350.
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