Bitcoin BTC/USD is trading at 3953 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 20, 2019. A test of the Ichimoku Kinko Hyo signal lines is expected near the level of 3910. Where can we expect a rebound and an attempt to continue the growth of Bitcoin cryptocurrency with a potential target of 4120.
Bitcoin Forecast and Analysis BTC/USD March 20, 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 the 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 border of Ichimoku Kinko Hyo Cloud with the closing of quotes below area 3810. 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 growth of BTC/USD quotes with the breakdown of the resistance area and closing above the level of 4050.
Bitcoin Forecast and Analysis BTC/USD March 20, 2019 implies an attempt to fall in cryptocurrency and a test of the support level near the 3910 area. Where can we expect the Bitcoin rate to continue to grow with a potential target near the 4120 level. Cancellation option lift will fall and the breakdown of the area of 3810. This will indicate a continued decline with a potential target below 3610.