BTC/USD are trading at 10264 and continue to move as part of the correction and the formation of the bullish «Wave Wave» pattern. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $184 442 051 255. Moving averages indicate the presence of a bullish trend in Bitcoin. As part of the cryptocurrency rate forecast for September 11, 2019, we should expect an attempt to reduce and test the support level near the area of 9805. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the area of 11285.
Bitcoin Forecast and Analysis BTC/USD September 11, 2019
In favor of the growth of BTC/USD quotes, a test of the support area on the relative strength index (RSI) will come out. The second signal will be a rebound from the lower boundary of the ascending channel. Cancellation of the Bitcoin exchange rate growth option will be a fall and a breakdown of the 9450 area. This will indicate a breakdown of the support area and a continued decline in the Bitcoin rate with a potential target at 8850. With the breakdown of the resistance area and closing of cryptocurrency quotes below 10750, we should expect confirmation of a growth in the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD September 11, 2019 implies an attempt to test the support level near the area of 9805. And then the cryptocurrency will continue to grow with a potential target at 11285. An additional signal in favor of the Bitcoin exchange rate 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 9450 area. This will indicate a continued decline with a potential target below 8850.
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