Bitcoin cryptocurrency trading at level 5573 continues to move as part of growth. BTC/USD quotes move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates an upward trend in a digital asset. As part of the Bitcoin exchange rate forecast for April 25, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 5405. Where should we expect a rebound and an attempt to continue the growth of Bitcoin cryptocurrency with a potential target of 5985.
Bitcoin Forecast and Analysis BTC/USD April 25, 2019
The test of the support area will be in favor of raising the BTC/USD cryptocurrency quotes. The second signal in favor of the growth rate of Bitcoin will make a rebound from the lower boundary of the rising channel. Earlier, a weak signal was received for BUY the Bitcoin cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 5280. The nearest resistance area is located at the level of 5625. The area of support for Bitcoin is located at the level of 5405.
Cancellation of the growth option of Bitcoin quotes will be the breakdown of the lower border of Ichimoku Kinko Hyo Cloud with the closing of quotes below 5280. 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 24, 2019. Expect confirmation of the BTC/USD price growth with a breakdown areas of resistance and closure above 5650.
Bitcoin Forecast and Analysis BTC/USD April 25, 2019 implies an attempt to increase cryptocurrency and a test of support level near 5405. Where can we expect Bitcoin to continue to grow with a potential target near the level of 5985. Cancellation of the rise option will also lead to a breakdown of the 5280 area. This will indicate a continued decline with a potential target near the 4865 level.