Bitcoin BTC/USD are trading at 3893 and continue to move as part of the fall. Cryptocurrency capitalization at the time of the publication of the forecast is $69 718 546 371. Moving averages indicate a Bitcoin flat trend. At the moment, we should expect an attempt to fall and a test of the support level near the area of 3845. 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 4100.
Bitcoin Forecast and Analysis BTC/USD March 27, 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 the formation of the ascending model «Wolfe Wave». Cancellation of the Bitcoin exchange rate growth option will be a fall and a breakdown of the 3805 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 3095, we should expect confirmation of growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD March 27, 2019 suggests an attempt to test the support level near 3845. And then the cryptocurrency will continue to grow with a potential target of 4100. 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 3805 region. This will indicate a further 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
