Bitcoin BTC/USD traded at 4187 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $74 161 967 764. Moving averages indicate the presence of a bearish trend in Bitcoin. At the moment, we can expect an attempt to reduce and test the support level near the area of 3800. 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 5150.
Bitcoin forecast & technical analysis December 25, 2018
In favor of the growth of BTC/USD quotes, a test of the uptrend trend on the relative strength index (RSI) will be made. As well as a rebound from the broken border of the downward channel. Cancellation of the Bitcoin exchange rate growth option will also lead to the breakdown of the 3500 area. This will indicate the breakdown of the channel boundary and the continuation of the Bitcoin exchange rate drop with a potential target at the level of 3100. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the 4250, you can expect the acceleration of the digital asset exchange rate.
Bitcoin forecast & technical analysis December 25, 2018 suggests an attempt to test the support level near 3800. And then the cryptocurrency will continue to grow with a potential target of 5150. 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 growth of cryptocurrency will be the fall and the breakdown of the 3500 area.
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