Bitcoin BTC/USD is trading at 3879 and continues to move in growth. BTC/USD quotes move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates a bullish trend. As part of the Bitcoin Forecast and Analysis BTC/USD March 12, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 3825. Where can we expect a rebound and an attempt to continue the growth of Bitcoin cryptocurrency with a potential target of 4200.
Bitcoin Forecast and Analysis BTC/USD March 12, 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 weak signal was received for BUY the Bitcoin cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 3815. The nearest resistance area is located at 4000. The Bitcoin support area is located at 3800.
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 the 3725 area. Such an option would indicate a change in the upward trend in favor of the downward trend and the continuation of the fall of the Bitcoin rate. Expect confirmation of the growth of BTC/USD quotes with the breakdown of the resistance area and closing above the 4045 area.
Bitcoin Forecast and Analysis BTC/USD March 12, 2019 implies an attempt to fall cryptocurrency and a test support level near 3825. Where can we expect Bitcoin to continue to grow with a potential target near 4200. Cancellation of the rise option will be a fall and a sample of 3725. This will indicate a continued decline with a potential target above 3485.