Bitcoin BTC/USD are traded at 9365 and continue to move as part of the growth and bullish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $164 824 996 642. Moving averages indicate the presence of an upward trend in Bitcoin. As part of the cryptocurrency exchange rate forecast for June 18, 2019, we should expect an attempt to decline and a test of the support level near the region of 8750. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the region of 10050.
Bitcoin Forecast and Analysis BTC/USD June 18, 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 rising channel. Cancellation of the Bitcoin exchange rate growth option will be a fall and a breakdown of the 8355 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 6845. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the level of the digital asset.
Bitcoin Forecast and Analysis BTC/USD June 18, 2019 suggests an attempt to test the support level near 8750. And then the cryptocurrency will continue to grow with a potential goal of 10,050. 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 growth of cryptocurrency will be the fall and the breakdown of the area 8355. This will indicate a continued decline with a potential target below 6845.
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