BTC/USD are trading at 8168 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 $144 285 436 594. Moving averages indicate the presence of a short-term downward trend in Bitcoin. As part of the cryptocurrency rate forecast for tomorrow, September 27, 2019, we should expect an attempt to grow and test the resistance level near the area of 8655. 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 6905.
Bitcoin Forecast and Analysis BTC/USD September 27, 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 9325 area. This will indicate a breakdown of the resistance area and continued growth of the Bitcoin exchange rate with a potential target at 10055. With the breakdown of the support area and closing of cryptocurrency quotes below the level of 7450, we should expect confirmation of a decrease in the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD September 27, 2019 suggests an attempt to test the resistance level near the area of 8655. And then, the cryptocurrency will continue to fall with a potential target at 6905. 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 cryptocurrency will be a strong growth and a breakdown of the 9325 area. This will indicate a continuation of the rise with a potential target above 10055.
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