BTC/USD are trading at 29467 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 $571,836,346,377. Moving averages indicate a short-term bullish trend for Bitcoin. Prices have gone up from the area between the signal lines, 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 exchange rate forecast for tomorrow, April 19, 2023, we should expect an attempt to develop a decrease in the value of a digital asset and a test of the support level near the 29265 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 33405 area.
Bitcoin Forecast for April 19, 2023
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 area of 27205. This will indicate a breakdown of the support area and a continued fall in the Bitcoin exchange rate with a potential target at 24665. The breakdown of the resistance area with the price fixing above the level of 32605 will be a confirmation of the growth in the price of the asset, which will indicate a breakdown of the upper limit of the bullish channel.
Bitcoin Forecast for April 19, 2023 suggests an attempt to test the support level near the area of 29265. And further, the continued growth of the cryptocurrency with a potential target at the level of 33405. An additional signal in favor of the rise in the Bitcoin rate will be a test of the support line on the relative strength index (RSI). Cancellation of the digital currency growth option will be a breakdown of the 27205 area. This will indicate a continued fall with a potential target below the 24665 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
