Bitcoin BTC/USD is trading at cryptocurrency 7991. The cryptocurrency trading below the cloud base Ichimoku Kinko Hyo, indicating that the bearish trend of Bitcoin. Ichimoku Kinko Hyo Cloud near the 8200 area is expected, from which it is expected to rebound and attempt to continue falling with a target at 7200 level.
Bitcoin forecast & analysis BTC/USD on March 27, 2018
In favor of falling quotations of the cryptocurrency will test the resistance area, as well as test the lower boundary of the bullish channel. Earlier, a weak signal was received for the sell of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 8500.
Cancellation option Bitcoin fall of quotations will sample cloud tops Ichimoku Kinko Hyo to the closure of the area above 8800 quotes that point to change the bearish trend in favor of an bullish trend. Expect the acceleration of the fall in quotations BTC/USD stands with the breakdown of the support area and closing below the level of 7500.