BTC/USD are trading at 10231 and continue to move as part of the correction and the formation of the «Triangle» model. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $187 200 260 602. Moving averages indicate a bearish trend in Bitcoin. As part of the cryptocurrency rate forecast for September 10, 2019, we should expect an attempt to correct and test the support level near the area of 9375. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with the target above the area of 12465.
Bitcoin Forecast and Analysis BTC/USD September 10, 2019
In favor of the growth of BTC/USD quotes, a test of the broken trend line on the relative strength index (RSI) will come out. The second signal will be a rebound from the lower boundary of the «Triangle» model. Cancellation of the Bitcoin exchange rate growth option will be a fall and a breakdown of the 8955 area. This will indicate a breakdown of the support area and a continued decline in the Bitcoin rate with a potential target at 8250. With the breakdown of the resistance area and closing of cryptocurrency quotes below 11655, we should expect confirmation of a growth in the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD September 10, 2019 suggests an attempt to test the support level near the area of 9375. And then the cryptocurrency will continue to grow with a potential target at 12465. An additional signal in favor of the Bitcoin appreciation will be the support line test on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the 8955 area. This will indicate a continued decline with a potential target below 8250.
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