BTC/USD are trading at 40588 and continue to move within the correction and the bearish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $777,478,515,261. Moving averages indicate the presence of a short-term downward trend for Bitcoin. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of ”Digital Gold” and a potential continuation of the fall in the value of the asset already from current levels. As part of the cryptocurrency exchange rate forecast for tomorrow, April 14, 2022, we should expect an attempt to develop a correction in the value of a digital asset and a test of the resistance level near the 41005 area. From where we should again expect a rebound down and an attempt to continue the fall of the Bitcoin rate with a target below the 36105 area.
Bitcoin Forecast BTC/USD April 14, 2022
An additional signal in favor of falling 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 bearish channel. Cancellation of the option of falling in the exchange rate and the cost of Bitcoin will be a strong increase in the value of the asset and a breakdown of the area of 44255. This will indicate a breakdown of the resistance area and continued growth of the Bitcoin rate with a potential target at 48005. which will indicate a breakdown of the lower boundary of the descending channel.
Bitcoin Forecast BTC/USD April 14, 2022 suggests an attempt to test the support level near the area of 41005. And further, the cryptocurrency will continue to grow with a potential target at 36105. 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 44255 area. This will indicate a continued decline with a potential target below the 48005 area.
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