Bitcoin BTC/USD are trading at 3979 and continue to move as part of growth. Cryptocurrency capitalization at the time of the publication of the forecast is $70 067 781 884. 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 3900. 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 4260.
Bitcoin forecast & technical analysis January 9, 2019
In favor of the growth of BTC/USD quotes, a test of the uptrend trend on the relative strength index (RSI) will be made. And also test the upper limit of the model «Triangle». Cancellation of the Bitcoin exchange rate growth option will also lead to the breakdown of the 3750 area. This will indicate the breakdown of the support area and the continued decline of the Bitcoin rate with a potential target at 3450. With the breakdown of the resistance area and the closure of cryptocurrency quotes above the 4150, you should expect confirmation of the growth of the digital asset rate.
Bitcoin forecast & technical analysis January 9, 2019 implies an attempt to test the support level near the 3900 area. And further, cryptocurrency will continue to grow with a potential target at 4260. An additional signal in favor of the Bitcoin exchange rate growth 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 3750 area.