Bitcoin BTC/USD is trading at 3847 and continues to move as part of growth. BTC/USD quotes are moving inside Ichimoku Kinko Hyo clouds. This indicates a side trend. As part of the Bitcoin Forecast and Analysis BTC/USD March 8, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 3815. Where can we expect a rebound and an attempt to continue the growth of Bitcoin cryptocurrency with a potential goal of 4100.
Bitcoin Forecast and Analysis BTC/USD March 8, 2019
A test of the support area will be in favor of raising the BTC/USD cryptocurrency quotes. Earlier, a weak signal was received for BUY the Bitcoin cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 3815. The nearest resistance area is located at 4000. The area of support for Bitcoin is located at the level of 3815.
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 the area of 3705. This option will indicate a change in the side trend in favor of the downward trend and the continuation of the fall of the Bitcoin rate. Expect confirmation of growth of BTC/USD quotes with the breakdown of the upper boundary of the indicator cloud and closing above the 4050 area.
Bitcoin Forecast and Analysis BTC/USD March 8, 2019 implies an attempt to fall cryptocurrency and a test support level near the area of 3815. Where can we expect Bitcoin to continue to grow with a potential target near the level of 4100. Cancellation of the rise option will be a fall and a breakdown of the area of 3705. This will indicate continued decline with a potential target above 3450.