BTC/USD continues to move within the framework of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the cost of Bitcoin to the US Dollar is 3854. At the moment, we should expect an attempt to fall and a test of the support level near the area of ​​3810. Then a rebound and continued growth of cryptocurrency in the region above the level of 4050.

Bitcoin forecast for tomorrow March 16, 2019

In favor of lifting the BTC/USD quotes, a test of the upward support line on the relative strength index (RSI) will be made. The second signal will be a rebound from the lower boundary of the model «Triangle». Cancellation of the growth rate option Bitcoin will fall and the breakdown of the level of 3750. This will indicate a breakdown of the lower boundary of the ascending channel and the continuation of the fall of the BTC/USD digital asset quotes to the area below 3550. The growth will be confirmed by the breakdown of the upper limit of the «Triangle» model and closing above the level of 3900.

Bitcoin forecast for tomorrow March 16, 2019

Bitcoin forecast for tomorrow March 16, 2019 suggests an attempt to test the support level near the area of ​​3810. Where should we expect a rebound and continued growth of the Bitcoin rate with a target above the level of 4050. A test of the support line on the relative strength index (RSI) will be an additional signal in favor of the rise. Cancellation of the growth option will be the breakdown of the support area and closing of quotes below the level of 3750.