Bitcoin is trading at 5209 and continues to move as part of the growth and formation of the «Triangle» model. 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 10, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 5035. Where can we expect a rebound and an attempt to continue the growth of Bitcoin cryptocurrency with a potential goal of 5750.

Bitcoin Forecast and Analysis BTC/USD April 10, 2019

The 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 signal lines at the level of 5025. The nearest resistance area is located at the level of 5355. The Bitcoin support area is located at the level of 5065.

Bitcoin Forecast and Analysis BTC/USD April 10, 2019

Cancellation of the growth option of Bitcoin quotes will be the breakdown of the lower border of Ichimoku Kinko Hyo Cloud with closure of quotes below the 4600 area. 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 10, 2019. Expect confirmation of BTC/USD price growth with a breakdown the upper boundary of the model «Triangle» and closing above the level 5455.

Bitcoin Forecast and Analysis BTC/USD April 10, 2019 implies an attempt to fall cryptocurrency and a test support level near 5035. Where can we expect Bitcoin to continue to grow with a potential target near 5750. Cancellation of the rise option will be a fall and a sample of 4600. This will indicate continued decline with a potential target below 4175.