Bitcoin is trading at 5067 and continues to move within the correction and the ascending channel. 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 the week April 15 — 19, 2019. A test of the Ichimoku Kinko Hyo signal lines is expected near the level of 4705. Where can we expect a rebound and an attempt to continue to grow Bitcoin cryptocurrency with a potential target of 5865.
Bitcoin Forecast for the week of April 15 — 19, 2019
The 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 3850. The nearest resistance area is located at 5485. The Bitcoin support area is at 4655.
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 3700 region. Such an option would indicate a change in the upward trend in favor of the downward trend and the continued decline in the Bitcoin rate on April 13, 2019. Expect acceleration in the growth of BTC/USD quotes with a breakdown areas of resistance and closure above 5500.
Bitcoin Forecast for the week of April 15 — 19, 2019 implies an attempt to fall in cryptocurrency and a test of the support level near the area of 4705. Where can we expect Bitcoin to continue to grow with a potential target near the level of 5865. Cancellation of the rise option will be a fall and breakdown of the area of 3700 This will indicate a continued decline with a potential target below 3150.