BTC/USD are trading at 9756 and continue to move as part of the correction and the bearish channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $175 023 350 490. Moving averages indicate a bearish trend for Bitcoin. As part of the cryptocurrency rate forecast for tomorrow, September 3, 2019, we should expect an attempt to continue growth and test the resistance level near the area of 10005. 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 8650.
Bitcoin Forecast and Analysis BTC/USD September 3, 2019
In favor of lowering the 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 10325 area. This will indicate a breakdown of the resistance area and a continued rise in the Bitcoin exchange rate with a potential target at 11055. With the breakdown of the support area and the cryptocurrency quotes closing below 9055, we should expect confirmation of a digital asset depreciation.
Bitcoin Forecast and Analysis BTC/USD September 3, 2019 suggests an attempt to test the resistance level near the area of 10005. And then the cryptocurrency will continue to fall with a potential target at 8650. An additional signal in favor of the Bitcoin exchange rate will be the resistance area test on the relative strength index (RSI). Cancellation of the option of falling cryptocurrency will be a strong growth and a breakdown of the area of 10325. This will indicate a continuation of the rise with a potential target above 11055.
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