Bitcoin BTC/USD is trading at 3899 and continues to move as part of the correction. BTC/USD quotes move below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates a downward trend. As part of the Bitcoin Forecast and Analysis BTC/USD March 3, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 3935. Where can we expect a rebound and an attempt to continue the fall of Bitcoin cryptocurrency with a potential target of 3600.
Bitcoin Forecast and Analysis BTC/USD March 3, 2019
In favor of the fall of the BTC/USD cryptocurrency quotes, a test of the resistance area will come out. As well as a rebound from the upper boundary of the descending 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 3875. The nearest resistance area is located at the level of 3900. The Bitcoin support area is located at the level of 3765.
Canceling the option of falling Bitcoin quotes will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closure of quotes above area 3975. This option will indicate a change in the downward trend in favor of an upward trend and continued growth of the Bitcoin rate. Expect to accelerate the fall of BTC/USD quotes with the breakdown of the support area and closing below the 3720 area.
Bitcoin Forecast and Analysis BTC/USD March 3, 2019 implies an attempt to increase cryptocurrency and a resistance level test near the 3935 area. Where can we expect the Bitcoin exchange rate to continue falling with a potential target near the 3600 level. Cancellation will be reduced and the sample of 3975 This will indicate a continuation of the climb with a potential target above 4250.