Bitcoin Forecast and Analysis BTC/USD March 22, 2019


Bitcoin BTC/USD are trading at 4019 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 $71 950 563 539. 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 ​​3995. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with the target above the level of 4125.

Bitcoin Forecast and Analysis BTC/USD March 22, 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 upper boundary of the model «Triangle». Cancellation of the growth rate option Bitcoin will fall and the breakdown of the area of ​​3885. This will indicate the breakdown of the support area and the continuation of the fall of the Bitcoin rate with the potential target at 3565. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the level of 4095, we should expect confirmation of growth of the digital asset rate.

Bitcoin Forecast and Analysis BTC/USD March 22, 2019

Bitcoin Forecast and Analysis BTC/USD March 22, 2019 suggests an attempt to test the support level near 3995. And further, cryptocurrency will continue to grow 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 ​​3885. This will indicate a continuation of the decline with a potential target below 3565.


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