Bitcoin BTC/USD are trading at 3937 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $70 338 645 992. Moving averages indicate the presence of an upward trend in Bitcoin. At the moment, we should expect an attempt to reduce and test the support level near the area of 3700. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with the goal above the level of 4470.
Bitcoin forecast & technical analysis December 21, 2018
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. Cancellation of the Bitcoin exchange rate growth option will also lead to the breakdown of the 3400 area. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of the Bitcoin rate with a potential target at 3000. With the breakdown of the upper limit of the downward channel and closure of cryptocurrency quotes above the 4100 asset.
Bitcoin forecast & technical analysis December 21, 2018 suggests an attempt to test the support level near 3700. And then the cryptocurrency will continue to grow with a potential target of 4470. An additional signal in favor of the growth of the Bitcoin rate will be a test of the trend line on the relative strength index (RSI). Cancellation of growth options cryptocurrency will fall and the breakdown level of 3400.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
