Bitcoin BTC/USD are trading at 6027 and continue to move as part of the growth and ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $106 953 056 032. Moving averages indicate a bitcoin uptrend. As part of the cryptocurrency exchange rate forecast for tomorrow, we should expect an attempt to fall and a test of the support level near the 5865 area. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the 6465 area.
Bitcoin Forecast and Analysis BTC/USD May 10, 2019
In favor of the growth of BTC/USD quotes, a test of the rising 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 5635 area. This will indicate a breakdown of the support area and a further decline in the Bitcoin rate with a potential target at the level of 5250. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the 6150, you should expect confirmation of the growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD May 10, 2019 implies an attempt to test the support level near 5865. And further cryptocurrency growth continues with a potential target at 6465. An additional signal in favor of raising the Bitcoin rate will be a test of the rising trend line on the relative strength index (RSI). Cancellation of the option of cryptocurrency growth will fall and the breakdown of the area of 5635. This will indicate a continued decline with a potential target below 5250.
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