Bitcoin BTC/USD is trading at 3847 and continues to move as part of the correction. BTC/USD quotes move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates an uptrend. As part of the Bitcoin Forecast and Analysis BTC/USD March 15, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 3835. Where can we expect a rebound and an attempt to continue the growth of Bitcoin cryptocurrency with a potential goal of 4105.
Bitcoin Forecast and Analysis BTC/USD March 15, 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 the 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 area 3735. This option will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall in 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 15, 2019 implies an attempt to fall in cryptocurrency and a test of support level near the area of 3835. Where should we expect further growth of the Bitcoin rate with a potential target near the 4105 level. This will indicate continued decline with a potential target below 3495.