Bitcoin BTC/USD are traded at 7820 and continue to move as part of the growth and bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $128 968 674 013. Moving averages indicate the presence of an upward trend in Bitcoin. 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 7350 area. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with the target above the 8450 area.
Bitcoin Forecast and Analysis BTC/USD May 14, 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 rising channel. Cancellation of the Bitcoin rate growth option will be a fall and a breakdown of the 7025 area. This will indicate a breakdown of the support area and a further decline in the Bitcoin rate with a potential target at 6250. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the 8150, you should expect confirmation of growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD May 14, 2019 suggests an attempt to test the support level near the 7350 area. And further cryptocurrency growth continues with a potential target at 8450. 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 cryptocurrency growth option will be a fall and a breakdown of the 7025 region. This will indicate a continued decline with a potential target below 6250.
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