BTC/USD are trading at 9913 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 $178 822 428 461. Moving averages indicate the presence of a short-term downward trend in Bitcoin. As part of the cryptocurrency rate forecast for September 24, 2019, we should expect an attempt to decrease and test the support level near the area of 9605. 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 12195.
Bitcoin Forecast and Analysis BTC/USD September 24, 2019
In favor of the growth of BTC/USD quotes, a test of the resistance 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 9050 area. This will indicate a breakdown of the support area and a continued decline in the Bitcoin exchange rate with a potential target at 8255. With the breakdown of the resistance area and closing of cryptocurrency quotes above 10555, we should expect confirmation of a growth in the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD September 24, 2019 suggests an attempt to test the support level near the area of 9605. And then, the cryptocurrency will continue to grow with a potential target at 12195. An additional signal in favor of the growth of the Bitcoin exchange rate will be the support line test on the relative strength index (RSI). Cancellation of the option of raising the cryptocurrency will be a fall and a breakdown of the area of 9050. This will indicate a continued decline with a potential target below 8255.
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