BTC/USD continues to move as part of a downward correction. At the time of the publication of the forecast, the cost of Bitcoin to the US Dollar is 3965. At the moment, we should expect an attempt to fall and a test of the support level near the area of 3935. Then a rebound and continued growth of cryptocurrency in the region above the level of 4150.
Bitcoin forecast for tomorrow March 18, 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 rising channel. Cancellation of the growth rate option Bitcoin will fall and the breakdown of the level of 3815. This will indicate the breakdown of the lower boundary of the channel and the continuation of the fall of the BTC/USD digital asset quotes to the area below 3685. The growth will be confirmed by a breakdown of the resistance area and closing above the level of 4065.
Bitcoin forecast for tomorrow March 18, 2019 suggests an attempt to test the support level near 3935. Where should we expect a rebound and the continued growth of the Bitcoin rate with a target above 4150. An additional signal in favor of the rise will be the test of support line on the indicator of relative index (RSI). Cancellation of the growth option will be the breakdown of the support area and closing quotes below the level of 3815.