BTC/USD are trading at 9701 and continue to move as part of the correction and the downward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $174 146 692 389. Moving averages indicate the presence of a short-term downward trend for Bitcoin. As part of the cryptocurrency rate forecast for tomorrow, September 25, 2019, we should expect an attempt to correct and test the resistance level near the area of 9905. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with a target below the area of 9045.
Bitcoin Forecast and Analysis BTC/USD September 25, 2019
In favor of falling BTC/USD quotes, a test of the resistance line on the relative strength index (RSI) will come out. The second signal will be a rebound from the upper boundary of the downward channel. Cancellation of the Bitcoin depreciation option will be a strong growth and a breakdown of the area of 10205. This will indicate a breakdown of the resistance area and continued growth of the Bitcoin rate with a potential target at 10855. With the breakdown of the support area and closing of cryptocurrency quotes below the level of 9505, we should expect confirmation of a decrease in the rate of the digital asset.
Bitcoin Forecast and Analysis BTC/USD September 25, 2019 involves an attempt to test the resistance level near the area of 9905. And then, the cryptocurrency will continue to fall with a potential target at 9045. An additional signal in favor of the Bitcoin exchange rate will be the resistance line test on the relative strength index (RSI). Cancellation of the option to reduce the cryptocurrency will be a strong growth and a breakdown of the area of 10205. This will indicate a continuation of the rise with a potential target above 10855.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
