Bitcoin BTC/USD are trading at 7638 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $141 728 192 989. Moving averages indicate the presence of an upward trend in Bitcoin. As part of the cryptocurrency exchange rate forecast for June 11, 2019, an attempt should be expected to decline and a test of the support level near the 7355 area. Where should we again expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the 9075 area.
Bitcoin Forecast and Analysis BTC/USD June 11, 2019
In favor of the growth of BTC/USD quotes, a test of the rising trend line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the «Triangle» model. Cancellation of the Bitcoin rate growth option will be a fall and a breakdown of the 7025 area. This will indicate a breakdown of the lower border of the model and a continued decline of the Bitcoin rate with a potential target at 6655. With the breakdown of the resistance area and the closure of the cryptocurrency quotes above the 8245, you should expect a growth rate of the digital asset.
Bitcoin Forecast and Analysis BTC/USD June 11, 2019 suggests an attempt to test the support level near the 7355 area. And further, cryptocurrency will continue to grow with a potential target at 9075. An additional signal in favor of raising the Bitcoin rate will be a test of the rising trend line on the relative strength index (RSI). Cancellation of the option of cryptocurrency growth will fall and the breakdown of the 7025 region. This will indicate a continued decline with a potential target below 6655.
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