BTC/USD are trading at 44032 and continue to move as part of the growth and the bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $826,641,645,948. Moving averages indicate the presence of a short-term upward trend in Bitcoin. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of Digital Gold and a potential continuation of the growth in the value of the asset already from current levels. As part of the cryptocurrency rate forecast for tomorrow, February 17, 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 42905 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 48405 area.
Bitcoin Forecast BTC/USD February 17, 2022
An additional signal in favor of the rise in 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 bullish channel. 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 40055 area. This will indicate a breakdown of the support area and a continued fall in the Bitcoin exchange rate with a potential target at the level of 36005. 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 46005.
Bitcoin Forecast BTC/USD February 17, 2022 suggests an attempt to test the support level near the area of 42905. And further, the cryptocurrency will continue to grow with a potential target at 48405. 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 40055 area. This will indicate a continued decline with a potential target below the 36005 area.
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