Bitcoin BTC/USD are trading at 3492 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $61 887 378 743. Moving averages indicate the presence of a bearish trend in Bitcoin. At the moment, we should expect an attempt to reduce and test the support level near the area of 3365. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with the target above the level of 3750.
Bitcoin forecast & technical analysis December 19, 2018
A test of the support line on the relative strength index (RSI) will be in favor of the BTC/USD quotes drop. Cancellation of the Bitcoin growth rate will be a fall and a breakdown of 3370. This will indicate a breakdown of the lower boundary of the channel and a continued depreciation of Bitcoin with a potential target at 3090. With the breakdown of the upper boundary of the channel and the closure of cryptocurrency quotes above the level of 3600.
Bitcoin forecast & technical analysis December 19, 2018 suggests an attempt to test the support level near 3365. And then the cryptocurrency will continue to grow with a potential target of 3750. An additional signal in favor of the growth rate of Bitcoin will be a test of the trend line on the relative strength index (RSI). Cancellation of the option of raising the cryptocurrency will fall and the breakdown of the area 3370.
