Bitcoin BTC/USD are trading at 3674 and continue to move as part of the decline. Cryptocurrency capitalization at the time of the publication of the forecast is $65 240 645 316. Moving averages indicate a downward trend in Bitcoin. At the moment, we should expect an attempt to reduce and test the support level near the area of 3510. 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 4395.
Bitcoin forecast & technical analysis January 2, 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. Cancellation of the Bitcoin exchange rate growth option will also lead to the breakdown of the 3250 area. This will indicate the breakdown of the support area and the continuation of the fall of the Bitcoin rate with a potential target at 2850. With the breakdown of the upper boundary of the downward channel and closure of cryptocurrency quotes above the level of 4050, we should expect confirmation of the growth of the digital asset rate.
Bitcoin forecast & technical analysis January 2, 2019 suggests an attempt to test the support level near 3510. And then the cryptocurrency will continue to grow with a potential target of 4395. 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 area of 3250.