Bitcoin BTC/USD is trading at 9770. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend for Bitcoin. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 10400 level, from which one should expect a rebound and an attempt to continue falling with the target at 8250. An additional signal in favor of the drop will be a resistance level test.
Bitcoin forecast & analysis BTC/USD on February 23, 2018
Earlier, a weak signal was received for the sell of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 10850. Cancellation of the variant of Bitcoin quotations drop will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the 11000 area, which will indicate a change in the flat trend in favor of the bullish trend. Expect the acceleration of the fall in quotations BTC/USD stands with the breakdown of the lower boundary of the indicator Cloud and the closing below the level of 9200.
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