BTC/USD are trading at 42507 and continue to move as part of a bullish correction correction. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $800,332,923,149. 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 22, 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 45355 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 34945 area.
Bitcoin Forecast BTC/USD April 22, 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 Head and Shoulders reversal pattern. Cancellation of the option to fall 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 48505 area. This will indicate a breakdown of the resistance area and continued growth of the Bitcoin exchange rate with a potential target at 52405. The fall in the asset price will be confirmed by a breakdown of the support area with the price fixing below the level of 37205 which will indicate a breakdown of the lower boundary of the bullish channel.
Bitcoin Forecast BTC/USD April 22, 2022 suggests an attempt to test the resistance level near the area of 45355. And further, the cryptocurrency will continue to decline with a potential target at 34945. 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 48505 area. This will indicate a continuation of the rise with a potential target above the 52405 area.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
