Bitcoin BTC/USD are trading at 3702 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $66 248 137 726. Moving averages indicate a bearish trend in Bitcoin. At the moment, we should expect an attempt to grow and test the resistance level near the area of 3745. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin exchange rate with the goal below 3475.
Bitcoin Forecast and Analysis BTC/USD March 6, 2019
In favor of reducing the BTC/USD quotes, a test of the downward trend line on the relative strength index (RSI) will come out. As well as a rebound from the lower border of the model «Triangle». The cancellation of the Bitcoin exchange rate option will be a strong growth and the breakdown of the 3905 area. This will indicate the breakdown of the resistance area and the continued growth of the Bitcoin rate with a potential target at 4185. With the breakdown of the support area and the closure of cryptocurrency quotes below the digital asset.
Bitcoin Forecast and Analysis BTC/USD March 6, 2019 suggests an attempt to test the resistance level near the area of 3745. And then the cryptocurrency will continue to fall with a potential target of 3475. An additional signal in favor of Bitcoin depreciation will be a test of the broken trend line on the relative strength index (RSI). Cancellation of the option of falling cryptocurrency will be a strong growth and the breakdown of the area of 3905. This will indicate a continuation of the rise with a potential goal above 4185.
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