Bitcoin BTC/USD is trading at 3974 and continues to move as part of growth. 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 17, 2019. A test of the Ichimoku Kinko Hyo signal lines is expected near the level of 3900. Where should we expect a rebound and an attempt to continue the growth of Bitcoin cryptocurrency with a potential goal of 4205.
Bitcoin Forecast and Analysis BTC/USD March 17, 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 strong signal was received for BUY the Bitcoin cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 3865. The nearest resistance area is at the level of 4050. The area of support for Bitcoin is at the level of 3900.
Cancellation of the growth option of Bitcoin quotes will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with quotes closing below the 3755 area. Such an option would 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 17, 2019 imply an attempt to fall in cryptocurrency and a test of the support level near the area of 3900. Where can we expect Bitcoin to continue the growth rate with a potential target near the level of 4205. The cancellation of the lifting option will be a fall and a breakdown of the 3755 region. This will indicate a continued decline with the potential target below 3595.