Bitcoin BTC/USD are trading at 3833 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 $70 760 526 318. 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 3880. 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 4165.
Bitcoin Forecast and Analysis BTC/USD March 19, 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 bullish channel. Cancellation of the Bitcoin exchange rate growth option will be a fall and a breakdown of the 3835 area. This will indicate a breakdown of the support area and a continued decline of the Bitcoin rate with a potential target at 3655. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the level of 4045, we should expect confirmation of growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD March 19, 2019 suggests an attempt to test the support level near 3880. And further cryptocurrency growth continues with a potential target at 4165. 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 growth option of cryptocurrency will fall and the breakdown of the area of 3835. This will indicate a continued decline with a potential target below 3655.
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