Bitcoin BTC/USD are trading at 3978 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $71 642 994 795. Moving averages indicate the presence of a bearish trend in Bitcoin. At the moment, we should expect an attempt to fall and a test of the support level near the area of 3945. 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 4095.
Bitcoin Forecast and Analysis BTC/USD March 28, 2019
In favor of the growth of BTC/USD quotes, a test of the downward 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 rate growth option will be a fall and a breakdown of the 3895 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 3815. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the 4010, you should expect confirmation of the growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD March 28, 2019 suggests an attempt to test the support level near 3945. And then the cryptocurrency will continue to grow with a potential target of 4095. 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 growth of cryptocurrency will be the fall and the breakdown of the area of 3895. This will indicate a continuation of the decline with a potential target below 3815.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
