Bitcoin BTC/USD are trading at 3,998 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $71 886 053 747. 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 3955. 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 4235.
Bitcoin Forecast and Analysis BTC/USD March 29, 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 bullish channel. Cancellation of the Bitcoin rate growth option will be a fall and a breakdown of the 3890 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 level of 4055, we should expect confirmation of the growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD March 29, 2019 suggests an attempt to test the support level near 3955. And further cryptocurrency growth continues with a potential target at 4235. 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 3890. This will indicate a continued decline with a potential target below 3765.