Bitcoin BTC/USD is trading at 3839 and continues to move as part of the correction. BTC/USD quotes move below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates a downward trend. As part of the Bitcoin Forecast and Analysis BTC/USD March 1, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 3955. Where can we expect a rebound and an attempt to continue the fall of Bitcoin cryptocurrency with a potential goal of 3500.

Bitcoin Forecast and Analysis BTC/USD March 1, 2019

In favor of the fall of the BTC/USD cryptocurrency quotes, a test of the resistance area will come out. As well as a rebound from the lower boundary of the bullish channel. Earlier, a weak signal was received for SELL the Bitcoin cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 4050. The nearest resistance area is located at the level of 3900. The Bitcoin support area is located at the level of 3705.

Bitcoin Forecast and Analysis BTC/USD March 1, 2019

Canceling the option of falling Bitcoin quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above area 3985. This option will indicate a change in the downward trend in favor of an upward trend and continued growth of the Bitcoin rate. Expect to accelerate the fall of BTC/USD quotes with the breakdown of the support area and closing below the 3720 area.

Bitcoin Forecast and Analysis BTC/USD March 1, 2019 suggests an attempt to increase cryptocurrency and test the resistance level near the area of ​​3955. Where can we expect to continue the fall of the Bitcoin exchange rate with a potential target near the level of 3500. Cancellation of the reduction option will be a strong growth and a breakdown of the area of ​​3985. This will indicate a continuation of the rise with a potential target above 4250.