Bitcoin BTC/USD is trading at 7331. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. The test area of Ichimoku Kinko Hyo signal lines near the area of 7600 is expected, from which it is expected to rebound and attempt to continue falling with a target at 6500 level.
Bitcoin forecast & analysis BTC/USD on March 30, 2018
In favor of falling quotations of the cryptocurrency will test the lower limit of the model «Triangle». Earlier, a weak signal was received for the sell of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 8500.
The cancellation of the variant of Bitcoin quotations drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the 8400 area, which will indicate the change of the bearish trend in favor of the 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 7000.