BTC/USD are trading at 46155 and continue to move as part of the correction and the start of the ”Triangle” pattern. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $878,509,812,425. Moving averages indicate a short-term bullish trend for Bitcoin. Prices have broken through the area between the signal lines, which indicates pressure from buyers of Digital Gold and a potential continuation of the fall in the value of the asset from current levels. As part of the cryptocurrency exchange rate forecast for tomorrow, April 5, 2022, we should expect an attempt to develop a correction in the value of a digital asset and a test of the support level near the 44505 area. From where we should again expect a rebound upwards and an attempt to continue the growth of the Bitcoin rate with a target above the 53055 area.
Bitcoin Forecast BTC/USD April 5, 2022
An additional signal in favor of the growth of BTC/USD quotes will be a test of the trend line on the relative strength index (RSI). The second signal in favor of this option will be a rebound from the upper border of the ”Triangle” model. Cancellation of the growth option for the exchange rate and the cost of Bitcoin will be a fall in the value of the asset and a breakdown of the 39055 area. This will indicate a breakdown of the support area and a continued fall in the Bitcoin exchange rate with a potential target at 35705. A confirmation of the rise in the price of the asset will be a breakdown of the resistance area with the price fixing above the level of 50055, which will indicate a breakdown of the upper limit of the bullish channel.
Bitcoin Forecast BTC/USD April 5, 2022 suggests an attempt to test the support level near the area of 44505. And further, the continued growth of the cryptocurrency with a potential target at the level of 53055. An additional signal in favor of the growth of the Bitcoin rate will be a test of the support line on the relative strength index (RSI). Cancellation of the cryptocurrency rise option will be a fall and a breakdown of the 39055 area. This will indicate a continued decline with a potential target below the 35705 area.
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