Bitcoin Forecast and Analysis March 25 — 29, 2019


Bitcoin BTC/USD ends the trading week at 3976 and continues to move as part of growth. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to fall and a test of the support area near the level of 3650. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a potential target above the level of 4805.

Bitcoin Forecast and Analysis March 25 — 29, 2019

In the current trading week of March 25 — 29, 2019, a test of the rising trend line on the relative strength index (RSI) will be in favor of raising the BTC/USD quotes. The second signal will be a rebound from the upper boundary of the model «Triangle». The cancellation of the Bitcoin growth option will be a fall and a breakdown of the 3350 area. This will indicate a breakdown of the lower border of the model and the continuation of the BTC/USD decline with a potential target below the level of 2950. Confirmation of the development of the upward trend will be a breakdown of the resistance area and closing of quotes above the 4150 level.

Bitcoin Forecast and Analysis March 25 — 29, 2019

Bitcoin Forecast and Analysis March 25 — 29, 2019 suggests an attempt to support the area near the level of 3650. Then, the continued growth of cryptocurrency to an area above 4805. An additional signal in favor of raising the Bitcoin rate will be the test of the support line on the relative strength index (RSI). The cancellation of the growth option of Bitcoin cryptocurrency quotes will be the fall and the breakdown of the 3350 region. In this case, we should expect a further decline.


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