Bitcoin BTC/USD is trading at 3971 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 the presence of a bullish trend. As part of the Bitcoin exchange rate forecast for March 25, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the 3930 level. 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 25, 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 bullish 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 3845. The nearest resistance area is located at the level of 4050. The Bitcoin support area is located at the level of 3915.
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 3875. 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 March 25, 2019. Expect confirmation of the BTC/USD price growth with a breakdown areas of resistance and closing above level 4065.
Bitcoin Forecast and Analysis BTC/USD March 25, 2019 implies an attempt to fall cryptocurrency and a test support level near the 3930 region. Where can we expect Bitcoin to continue to grow with a potential target near the 4200 level. Cancellation of the rise option will also result in the breakdown of the 3875 region. This will indicate a continued decline with a potential target below 3625.