Bitcoin BTC/USD are traded at 8042 and continue to move within the growth and ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $143 191 648 051. Moving averages indicate a bitcoin uptrend. As part of the cryptocurrency exchange rate forecast for tomorrow, we can expect an attempt to develop a correction and a test of the support level near the 7535 area. Where can we expect a rebound again and an attempt to continue the growth of the Bitcoin rate with a target above the 8750 area.
Bitcoin Forecast and Analysis BTC/USD May 15, 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 7005 area. This will indicate a breakdown of the support area and a continued decline of the Bitcoin rate with a potential target at 6250. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the level of 8350, we should expect confirmation of the growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD May 15, 2019 implies an attempt to test the support level near 7535. And further cryptocurrency growth continues with a potential target at 8750. 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 area of 7005. This will indicate a continued decline with a potential target below 6250.
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