Bitcoin BTC/USD are trading at 3982 and continue to move as part of the correction and the bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $71 385 113 574. Moving 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 3925. 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 4285.
Bitcoin Forecast and Analysis BTC/USD March 21, 2019
In favor of the growth of BTC/USD quotes, a test of the rising trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the rising channel. Cancellation of the Bitcoin exchange rate growth option will be a fall and a breakdown of the 3755 area. This will indicate a breakdown of the support area and a continued decline of the Bitcoin rate with a potential target at 3355. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the 4075, you should expect confirmation of the growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD March 21, 2019 suggests an attempt to test the support level near 3925. And further cryptocurrency growth continues with a potential target at 4285. 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 cryptocurrency growth option will be a fall and a breakdown of the 3755 region. This will indicate a further decline with a potential target below 3355.
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