BTC/USD are trading at 10313 and continue to move as part of the correction and the upward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $185 881 661 568. Moving averages indicate the presence of a short-term downward trend for Bitcoin. As part of the cryptocurrency rate forecast for tomorrow, September 17, 2019, we should expect an attempt to decrease and test the support level near the area of 10050. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the area of 11215.
Bitcoin Forecast and Analysis BTC/USD September 17, 2019
In favor of the growth of BTC/USD quotes, a test of the support area on the relative strength index (RSI) will come out. The second signal will be a rebound from the lower boundary of the bullish channel. Cancellation of the Bitcoin exchange rate growth option will be a fall and a breakdown of the 9645 area. This will indicate a breakdown of the support area and a continued decline in the Bitcoin exchange rate with a potential target at 8555. With the breakdown of the resistance area and closing of cryptocurrency quotes above 10750, we should expect confirmation of a growth in the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD September 17, 2019 suggests an attempt to test the support level near the area of 10050. And then the cryptocurrency will continue to grow with a potential target at 11215. An additional signal in favor of the Bitcoin appreciation will be the support line test on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the 9645 area. This will indicate a continued decline with a potential target below 8555.
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