Bitcoin BTC/USD are trading at 3965 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 $70 807 922 295. Moving averages indicate a Bitcoin sideways trend. At the moment, we should expect an attempt to fall and a test of the support level near the area of 3950. 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 4105.
Bitcoin Forecast and Analysis BTC/USD March 26, 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 model «Triangle». Cancellation of the Bitcoin rate growth option will be a fall and a breakdown of the 3885 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 3565. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the level of 4055, we should expect confirmation of growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD March 26, 2019 suggests an attempt to test the support level near the area of 3950. And further, the cryptocurrency growth continues with a potential target at 4105. 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.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
