Bitcoin BTC/USD are trading at 3843 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $68 596 615 905. Moving averages indicate a bitcoin uptrend. At the moment, we should expect an attempt to fall and a test of the support level near the area of 3800. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with the goal above the level of 4125.
Bitcoin Forecast and Analysis BTC/USD March 14, 2019
In favor of the growth of BTC/USD quotes, a test of an uptrend trend line on the relative strength index (RSI) will come out. 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 3685 area. This will indicate a breakdown of the support area and a further decline of the Bitcoin rate with a potential target at 3535. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the level of 3875, we should expect confirmation of growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD March 14, 2019 suggests an attempt to test the support level near the 3800 area. And further cryptocurrency growth continues with a potential target at 4125. An additional signal in favor of raising the Bitcoin rate will be a test of the broken trend line on the relative strength index (RSI). Cancellation of the option of cryptocurrency growth will fall and the breakdown of the area of 3685. This will indicate a continued decline with a potential target below 3455.
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