Bitcoin BTC/USD are traded at 9350 and continue to move as part of the growth and ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $166 238 937 796. Moving averages indicate the presence of a bullish trend in Bitcoin. As part of the cryptocurrency exchange rate forecast for tomorrow, June 21, 2019, we should expect an attempt to decline and a test of the support level near the area of 9025. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a goal above the area of 10025.
Bitcoin Forecast and Analysis BTC/USD June 21, 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 8825 area. This will indicate a breakdown of the lower boundary of the model and a continued decline of the Bitcoin rate with a potential target at 7955. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the 9545 rate, we should expect confirmation of the growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD June 21, 2019 suggests an attempt to test the support level near 9025. And further cryptocurrency growth continues with a potential goal at 10025. 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 8825 region. This will indicate a continued decline with a potential target below 7955.
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