Bitcoin BTC/USD ends the trading week at the level of 3403 and continues to move as part of the decline. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to grow and test the resistance area near the level of 3650. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin exchange rate with a potential target below 2400.
Bitcoin Forecast and Analysis February 11 — 15, 2019
In favor of reducing the BTC/USD quotes in the current trading week of v, a test of the downward trend line on the relative strength index (RSI) will be performed. Cancellation of the Bitcoin fall option will be a strong growth and a breakdown of the 4150 area. This will indicate a breakdown of the upper limit of the downward channel and continued growth of BTC/USD with a potential target above the 5000 level.
Bitcoin Forecast and Analysis February 11 — 15, 2019 implies an attempt at a resistance area near the level of 3650. Then, the continuation of the cryptocurrency decline to the area below the 2400 level. An additional signal in favor of the Bitcoin exchange rate is the resistance line test on the relative strength index (RSI). Canceling the option of falling cryptocurrency quotes Bitcoin will make a strong growth and the breakdown of the area of 4150. In this case, we should expect a continuation of the rise.