Bitcoin BTC/USD are trading at 3814 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $67 957 945 610. Moving averages indicate a bitcoin flat trend. At the moment, we should expect an attempt to grow and test the resistance level near the area of 3875. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with the target below the level of 3435.
Bitcoin Forecast and Analysis BTC/USD March 1, 2019
In favor of reducing the BTC/USD quotes, a test of the bearish trend line on the relative strength index (RSI) will come out. As well as a rebound from the lower boundary of the rising channel. The cancellation of the Bitcoin exchange rate option will be a strong growth and a breakdown of the 3985 area. This will indicate a breakdown of the resistance area and the continued growth of the Bitcoin rate with a potential target at 4170. With the breakdown of the support area and the closure of cryptocurrency quotes below 3630, we should expect confirmation of a fall in the digital asset.
Bitcoin Forecast and Analysis BTC/USD March 1, 2019 suggests an attempt to test the resistance level near 3875. And then the cryptocurrency will continue to fall with a potential target of 3435. An additional signal in favor of Bitcoin depreciation will be a test of the broken trend line on the relative strength index (RSI). Cancellation of the option of falling cryptocurrency will be a strong growth and the breakdown of the area of 3985. This will indicate a continuation of the rise with a potential target above 4150.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
