Bitcoin is trading at 5036 and continues to move as part of the correction and the ascending channel. 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 13, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 5045. Where can we expect a rebound and an attempt to continue the growth of Bitcoin cryptocurrency with a potential target of 5820.
Bitcoin Forecast and Analysis BTC/USD April 13, 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 bullish channel. Earlier, a weak signal was received for SELL the Bitcoin cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 5185. The nearest resistance area is located at the level of 5365. The Bitcoin support area is located at the level of 4785.
Cancellation of the growth option of Bitcoin quotes will be a breakdown of the lower border of Ichimoku Kinko Hyo Cloud with quotes closing below 4600. 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 12, 2019. Expect confirmation of BTC/USD price growth with a breakdown areas of resistance and closure above 5245.
Bitcoin Forecast and Analysis BTC/USD April 13, 2019 implies an attempt to fall cryptocurrency and a test support level near 5045. Where can we expect Bitcoin to continue to grow with a potential target near 5820. Cancellation of the rise option will be a fall and a sample of 4600. This will indicate continued decline with a potential target below 4265.