At the time of writing the Bitcoin exchange rate forecast for December 28, the cryptocurrency rate is at 26400. As we assumed in the previous Bitcoin rate forecast, there was a slight rollback to the support level, after which the Bitcoin quotes partially recovered their positions.
Let's turn to the technical analysis of cryptocurrencies to make a forecast for the Bitcoin exchange rate for tomorrow 12/28/2020, as well as determine the support and resistance levels.
Bitcoin is trading above the Ichimoku Kinko Hyo cloud, respectively, the trend on the Bitcoin BTC / USD chart is upward. We also see that the Bitcoin quotes are inside the upward channel.
Signal lines of the Ichimoku indicator (red and blue) are also directed upwards. A few days ago, the blue fast signal line crossed the red slow line from the bottom up, which indicates the development of an upward trend in Bitcoin.
The support level on the BTC / USD chart is 25500 and 25000. If these levels are broken, then the road to support level 23200 (the upper border of the Ichimoku cloud) is open for the cryptocurrency pair.
We assume the possibility of correction of the BTC / USD cryptocurrency rate to support levels, followed by an upward trend to the price of $ 30,000 for Bitcoin. Cancellation of the forecast will be the breakout and consolidation of the Bitcoin exchange rate above the resistance level of 28400.
Thus, the Bitcoin exchange rate forecast for December 28 assumes a continuation of the upward movement within the trend, with possible testing of support levels. The medium-term target for Bitcoin is the growth of the Bitcoin rate to $ 30,000.