Bitcoin BTC/USD are trading at 3859 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $68 960 817 077. Moving averages indicate the presence of a bullish trend in Bitcoin. At the moment, we should expect an attempt to fall and a test of the support level near the area of 3795. 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 4025.
Bitcoin Forecast and Analysis BTC/USD March 8, 2019
In favor of the growth of BTC/USD quotes, a test of an uptrend trend line on the relative strength index (RSI) will come out. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the Bitcoin rate growth option will be a fall and a breakdown of the 3745 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 3555. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the level of 3920, we should expect confirmation of growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD March 8, 2019 suggests an attempt to test the support level near 3795. And further cryptocurrency growth continues with a potential goal of 4025. 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 3745 area. This will indicate a continued decline with a potential target below 3425.
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