BTC/USD trading at 49628, and continue to move in the correction and uplink. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $923,997,706,747. Moving averages indicate a short-term bullish trend of Bitcoin. Prices went up from the area between the signal lines, which indicates pressure from buyers of ”Digital Gold” and a potential continuation of the growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, March 5, 2021, we should expect an attempt to develop a correction in the value of a digital asset and a test of the support level near the 47105 area. Where again should we expect a rebound and an attempt to raise the Bitcoin rate with a target above the 57025 area.
Bitcoin Forecast and Analysis BTC/USD March 5, 2021
An additional signal in favor of the growth of BTC/USD quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the ascending channel. Cancellation option rate rise and the value of Bitcoin will drop the cost of the asset and the breakdown field 44505. This will indicate to the support area of the sample and the depreciation continued Bitcoin with a potential target at 43645. With the breakdown of the resistance area and the closing quotations cryptocurrency higher than 54325.
Bitcoin Forecast and Analysis BTC/USD March 5, 2021 suggests an attempt to test the support level near the 47105 area. And further, the cryptocurrency will continue to grow with a potential target at 57025. An additional signal in favor of the Bitcoin rate growth will be a test of the support line on the relative strength index (RSI). Cancellation option cryptocurrency growth will drop and the sample region 44505. This will indicate continued decline to below the potential target area 43645.
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