BTC/USD are trading at 21231 and continue to move as part of the development of the correction and the formation of the “Triangle” model. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $405,774,735,430. 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 forecast for the cryptocurrency rate for tomorrow, June 28, 2022, we should expect an attempt to develop an increase in the value of a digital asset and a test of the resistance level near the area of 21455. 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 area of 16705.
Bitcoin Forecast BTC/USD June 28, 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 ”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 24005. This will indicate a breakdown of the resistance area and continued growth of the Bitcoin exchange rate with a potential target at 29505. Confirmation of the fall in the price of the asset will be a breakdown of the support area with the price fixing below the level of 198205, which will indicate the breakdown of the lower boundary of the “Triangle” model and the beginning of the development of this pattern with targets below.
Bitcoin Forecast BTC/USD June 28, 2022 suggests an attempt to test the resistance level near the area of 21455. And further, the cryptocurrency will continue to fall with a potential target at 16705. An additional signal in favor of the Bitcoin rate decline will be a test of the resistance line on the relative strength index (RSI). This will indicate a continuation of the rise with a potential target above the 29505 area.
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