Bitcoin BTC/USD are trading at the level of 8111 and continue to move as part of the growth and the beginning of the development of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $144 670 629 941. Moving averages indicate the presence of an upward trend in Bitcoin. As part of the cryptocurrency exchange rate forecast for June 13, 2019, we should expect an attempt to decline and a test of the support level near the 7985 area. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the 9275 region.
Bitcoin Forecast and Analysis BTC/USD June 14, 2019
In favor of the growth of BTC/USD quotes, a test of the rising trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the «Triangle» model. Cancellation of the Bitcoin rate growth option will be a fall and a breakdown of the 7245 area. This will indicate a breakdown of the lower border of the model and a continued decline of the Bitcoin rate with a potential target at 6845. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the level of digital asset.
Bitcoin Forecast and Analysis BTC/USD June 14, 2019 suggests an attempt to test the support level near the 7985 area. And further cryptocurrency growth continues with a potential goal of 9275. An additional signal in favor of raising the Bitcoin rate will be a test of the rising trend line on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the 7245 area. This will indicate a further decline with a potential target below 6845.
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