BTC/USD are trading at 10160 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 $183 890 507 403. Moving averages indicate the presence of a short-term downward trend in Bitcoin. As part of the cryptocurrency rate forecast for tomorrow, September 18, 2019, we should expect an attempt to decrease and test the support level near the area of 10040. 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 11125.
Bitcoin Forecast and Analysis BTC/USD September 18, 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 «Triangle» model. Cancellation of the Bitcoin exchange rate growth option will be a fall and a breakdown of the 9735 area. This will indicate a breakdown of the support area and a continued decline in the Bitcoin rate with a potential target at 8655. With the breakdown of the resistance area and the cryptocurrency quotes closing above 10465, we should expect confirmation of a growth in the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD September 18, 2019 suggests an attempt to test the support level near the area of 10040. And then the cryptocurrency will continue to grow with a potential target at 11125. 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 9735 area. This will indicate a continued decline with a potential target below 8655.
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