BTC/USD are trading at 41297 and continue to move as part of the correction. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $788,343,407,414. 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 rate forecast for tomorrow, April 20, 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 41605 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 35605 area.
Bitcoin Forecast BTC/USD April 21, 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 21, 2022 suggests an attempt to test the resistance level near the area of 41605. And further, the cryptocurrency will continue to decline with a potential target at 35605. An additional signal in favor of the fall in the Bitcoin rate will be a test of the resistance line on the relative strength index (RSI). Cancellation of the cryptocurrency fall option will be a strong growth of the asset and a breakdown of the 43505 area. This will indicate a continuation of the rise with a potential target above the 46505 area.
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