Bitcoin is trading at 5194 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 9, 2019. A test of the Ichimoku Kinko Hyo signal lines is expected near the level of 5085. Where should we expect a rebound and an attempt to continue the growth of Bitcoin cryptocurrency with a potential goal of 5510.

Bitcoin Forecast and Analysis BTC/USD April 9, 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 9, 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 4955. 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 8, 2019. Expect confirmation of the growth of BTC/USD quotes with a breakdown the upper boundary of the model «Triangle» and closing above the level of 5395.

Bitcoin Forecast and Analysis BTC/USD April 9, 2019 implies an attempt to fall cryptocurrency and a test of support level near 5085. Where can we expect Bitcoin to continue to grow with a potential target near 5510. Cancellation of the rise option will be a fall and a sample of 4955. This will indicate a continued decline with a potential target below 4565.