BTC/USD are trading at 10812 and continue to move as part of the growth, however, buyers have not yet been able to break through the important resistance area at 11000. Cryptocurrency capitalization Bitcoin at the time of the publication of the forecast is $201 126 163 846. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices are testing the area between the lines, which indicates pressure from the sellers of Digital Gold and a potential continuation of the fall in the value of the asset. As part of the cryptocurrency rate forecast for tomorrow, September 18, 2020, we should expect an attempt to develop a downward correction in the value of a digital asset and a test of the support level near the 10055 area. Where again should we expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the 12565 area.
Bitcoin Forecast and Analysis BTC/USD September 18, 2020
An additional signal in favor of the growth of BTC/USD quotes will be a test of the trend line on the relative strength index (RSI). The second signal will be a rebound of the upper border of the “Wedge” model. Cancellation of the option to raise the rate and value of Bitcoin will be a fall in the value of the asset and a breakdown of the area of 9225. This will indicate a breakdown of the support area and the continuation of the fall in the Bitcoin exchange rate with a potential target at 8605. With the breakdown of the resistance area and closing of cryptocurrency quotes above the level of 11565, we should expect confirmation of the growth of the rate digital asset.
Bitcoin Forecast and Analysis BTC/USD September 18, 2020 suggests an attempt to test the support level near the area of 10055. And further, the cryptocurrency will continue to grow with a potential target at 12565. An additional signal in favor of the Bitcoin exchange rate upside will be a test of the support line on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the 9225 area. This will indicate a continued decline with a potential target below the 8605 area.
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