Bitcoin BTC/USD is trading at 8028. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Ichimoku Kinko Hyo Cloud cloud test is expected near the 8200 area, from which one should expect a rebound and an attempt to continue falling with a target at 6900 level.
Bitcoin forecast & analysis BTC/USD on March 28, 2018
In favor of falling quotations of the cryptocurrency will test the resistance area. 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 a bullish trend. Expect to accelerate the fall in quotations BTC/USD is the breakdown of the bottom of the model «Triangle» and closing below the level of 7500.