Bitcoin BTC/USD are trading at 8651 and continue to move as part of the growth and the beginning of the development of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $153 148 924 682. Moving averages indicate the presence of an upward trend in Bitcoin. As part of the cryptocurrency exchange rate forecast for tomorrow, on May 30, 2019, we should expect an attempt to fall and test the support level near the 8225 area. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the 9745 area.
Bitcoin Forecast and Analysis BTC/USD May 30, 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 upper limit of the model «Triangle». Cancellation of the Bitcoin rate growth option will be a fall and a breakdown of the 7805 area. This will indicate a breakdown of the lower border of the model and a further decline in the Bitcoin rate with a potential target at 6950. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the level of 9050, we should expect confirmation of growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD May 30, 2019 suggests an attempt to test the support level near the 8225 area. And further cryptocurrency growth continues with a potential goal of 9745. 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 growth of cryptocurrency will be the fall and the breakdown of the 7805. This will indicate a continued decline with a potential target below 6950.
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