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 $71 374 314 179. Sliding averages indicate the presence of an upward trend in Bitcoin. At the moment, we should expect an attempt to fall and a test of the support level near the area of 3930. 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 4075.
Bitcoin Forecast and Analysis BTC/USD March 20, 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 model «Triangle». Cancellation of the Bitcoin rate growth option will be a fall and a breakdown of the 3845 area. This will indicate a breakdown of the support area and the continuation of the fall of the Bitcoin rate with a potential target at 3655. With the breakdown of the upper boundary of the «Triangle» model and the closure of cryptocurrency quotes above the level of 4045, we should expect confirmation of the growth digital asset.
Bitcoin Forecast and Analysis BTC/USD March 20, 2019 suggests an attempt to test the support level near 3930. And further cryptocurrency growth continues with a potential goal at 4075. 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 3845. This will indicate a continued decline with a potential target below 3655.
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