BTC/USD are trading at 10309 and continue to move as part of the correction and formation of the inverted «Head and Shoulders» model. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $185 074 701 920. Moving averages indicate the presence of a short-term downward trend in Bitcoin. As part of the cryptocurrency rate forecast for September 13, 2019, we should expect an attempt to decrease and test the support level near the area of 9745. 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 12225.
Bitcoin Forecast and Analysis BTC/USD September 13, 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 the formation of a reversal pattern. Cancellation of the Bitcoin exchange rate growth option will be a fall and a breakdown of the 9105 area. This will indicate a breakdown of the support area and a continued decline in the Bitcoin exchange rate with a potential target at 8645. With the breakdown of the resistance area and closing of cryptocurrency quotes below 11355, we should expect confirmation of a growth in the digital asset rate. This will also indicate the completion of the formation of the bullish «Head and Shoulders» pattern.
Bitcoin Forecast and Analysis BTC/USD September 13, 2019 suggests an attempt to test the support level near the area of 9745. And then the cryptocurrency will continue to grow with a potential target at 12225. 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 9105 area. This will indicate a continued decline with a potential target below 8645.