Bitcoin BTC/USD are trading at 7703 and continue to move as part of the fall and the ascending channel. Cryptocurrency capitalization at the time of the publication of the forecast is $137 219 891 321. Moving averages indicate the presence of an upward trend in Bitcoin. Quotes test the area between the moving averages, which is a strong signal for continued growth. As part of the cryptocurrency exchange rate forecast for tomorrow, June 7, 2019, an attempt should be expected to decline and a test of the support level near the 7565 area. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with a target above the 9475 area.
Bitcoin Forecast and Analysis BTC/USD June 7, 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 rate growth option will be a fall and a breakdown of the 7135 area. This will indicate a breakdown of the lower boundary of the channel and a continued decline of the Bitcoin rate with a potential target at 6765. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the level of 8255, we should expect confirmation of the growth of the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD June 7, 2019 implies an attempt to test the support level near 7565. And further cryptocurrency growth continues with a potential goal at 9475. 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 a breakdown of the area 7135. This will indicate a continued decline with a potential target below 6765.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
