BTC/USD are trading at 10186 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 $183 467 052 908. Moving averages indicate the presence of a short-term downward trend in Bitcoin. As part of the cryptocurrency rate forecast for September 19, 2019, we should expect an attempt to decrease and test the support level near the area of 10045. 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 11075.
Bitcoin Forecast and Analysis BTC/USD September 19, 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 9725 area. This will indicate a breakdown of the support area and a continued decline in the Bitcoin exchange rate with a potential target at 8655. With the breakdown of the resistance area and closing of cryptocurrency quotes above 10465, we should expect confirmation of a growth in the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD September 19, 2019 suggests an attempt to test the support level near the area of 10045. And then the cryptocurrency will continue to grow with a potential target at 11075. 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 area of 9725. This will indicate a continued decline with a potential target below 8655.
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