Bitcoin BTC/USD is trading at 4080 and continues to move as part of growth. BTC/USD quotes move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates an uptrend. As part of the Bitcoin exchange rate forecast for April 1, 2019. The test of the Ichimoku Kinko Hyo signal line area is expected near the level of 4030. Where can we expect a rebound and an attempt to continue the growth of Bitcoin cryptocurrency with a potential goal of 4275.
Bitcoin Forecast and Analysis BTC/USD April 1, 2019
A test of the support area will be in favor of raising the BTC/USD cryptocurrency quotes. The second signal will be a rebound from the lower boundary of the rising channel. Earlier, a strong signal was received for BUY the Bitcoin cryptocurrency. The signal was formed due to the intersection of the signal lines at the level of 4005. The nearest resistance area is located at the level of 4125. The Bitcoin support area is located at the level of 4015.
Cancellation of the growth option of Bitcoin quotes will be the breakdown of the lower border of Ichimoku Kinko Hyo Cloud with closing of quotes below area 3975. This option will indicate a change in the upward trend in favor of the downward trend and the continuation of Bitcoin exchange rate decline on April 1, 2019. Expect confirmation of the BTC/USD price growth with breakdown areas of resistance and closure above 4155.
Bitcoin Forecast and Analysis BTC/USD April 1, 2019 implies an attempt to drop cryptocurrency and a test support level near 4030. Where can we expect Bitcoin to continue to grow with a potential target near 4275. Cancellation of the rise option will be a fall and a sample of 3975. This will indicate a continued decline with a potential target below 3855.