Bitcoin BTC/USD is trading at 4069 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 exchange rate forecast for March 31, 2019. A test of the Ichimoku Kinko Hyo signal lines is expected near the level of 4050. Where can 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 31, 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 4005. The nearest resistance area is located at the level of 4125. The area of support for Bitcoin is located at the level of 4005.
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 3995. This option will indicate a change in the upward trend in favor of the downward trend and the continued decline in the Bitcoin rate on March 31, 2019. Expect confirmation of the growth of BTC/USD quotes with breakdown areas of resistance and closure above 4125.
Bitcoin Forecast and Analysis BTC/USD March 31, 2019 implies an attempt to fall cryptocurrency and a test support level near 4050 area. Where can we expect Bitcoin to continue to grow with a potential target near level 4205. Cancellation of the rise option will be a fall and a sample of 3995. This will indicate a continued decline with a potential target below 3855.