Bitcoin Forecast and Analysis BTC/USD March 26, 2020

BTC/USD are trading at 6651 and continue to move as part of the correction and the downward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $121 987 826 191. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices are testing the area between the lines, indicating pressure from Digital Gold sellers and a potential drop in the near future. As part of the cryptocurrency rate forecast for March 26, 2020, we should expect an attempt to correct the value of the digital asset and test the resistance level near the area of ​​6905. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with a target below the area of ​​4075.

Bitcoin Forecast and Analysis BTC/USD March 26, 2020

An additional signal in favor of falling BTC/USD quotes will be a test of the broken trend line on the relative strength index (RSI). The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the Bitcoin depreciation option will be a strong growth and a breakdown of the 7925 area. This will indicate a breakdown of the upper border of the channel and continued growth of the Bitcoin rate with a potential target at 8765. With the breakdown of the support area and closing of cryptocurrency quotes below 5655, we should expect confirmation of a digital asset depreciation.

Bitcoin Forecast and Analysis BTC/USD March 26, 2020 suggests an attempt to test the resistance level near the area of ​​6905. And then, the cryptocurrency will continue to fall with a potential target at 4075. An additional signal in favor of the Bitcoin exchange rate will be the resistance line test on the relative strength index (RSI). Cancellation of the option of falling cryptocurrency will be a strong growth and the breakdown of the area 7925. This will indicate a continued rise with a potential target above the area 8765.

Join our Telegram Channel