Bitcoin forecast & analysis BTC/USD on November 12, 2017


Bitcoin BTC/USD is trading at 6567. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Ichimoku Kinko Hyo Cloud near the level 6750 is expected to be tested near the level of 6750, from which it is expected to rebound and continue falling with the target near 6100.

Bitcoin forecast & analysis BTC/USD on November 12, 2017

Bitcoin forecast & analysis BTC/USD on November 12, 2017

Earlier, a weak signal was received for sell of Bitcoin cryptocurrency, due to crossing of signal lines at the level of 7350. The abolition of the Bitcoin quotations drop will be a breakdown the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of ​​7300, which indicates the change of the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations BTC/USD is at breakdown level 6250.


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