Bitcoin BTC/USD is trading at 6127. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. The Ichimoku Kinko Hyo signal line area test is expected near the 6380 level, from which it is expected to rebound and continue falling with the target near 5250. Earlier, a weak signal was received for sell of Bitcoin cryptocurrency, due to crossing of signal lines at the level of 7350.
Bitcoin forecast & analysis BTC/USD on November 13, 2017
The abolition of the Bitcoin quotes drop will be a breakdown the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 7200, 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 worth a breakdown of the level of 5650.
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