BTC/USD are trading at 39078 and continue to move as part of the fall and the bearish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $748,454,044,955. Moving averages indicate the presence of a short-term downward trend for Bitcoin. Prices have gone down from 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 rate forecast for tomorrow, April 19, 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 39855 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 35405 area.
Bitcoin Forecast BTC/USD April 19, 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 lower border of the Triangle pattern. 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 43505. This will indicate a breakdown of the resistance area and continued growth of the Bitcoin rate with a potential target at 46505. while this level is a serious area of support.
Bitcoin Forecast BTC/USD April 19, 2022 suggests an attempt to test the support level near the area of 39855. And further, the cryptocurrency will continue to grow with a potential target at 35405. 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 43505 area. This will indicate a continued decline with a potential target below the 46505 area.
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