Bitcoin forecast & analysis BTC/USD on November 14, 2017


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Bitcoin BTC/USD is trading at 6436. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Ichimoku Kinko Hyo signal line area near the 6600 level is expected, from which it is expected to rebound and continue falling with the target close to 5800.

Bitcoin forecast & analysis BTC/USD on November 14, 2017

Bitcoin forecast & analysis BTC/USD on November 14, 2017

Earlier, a weak signal was received for sell of Bitcoin cryptocurrency, due to crossing of the signal lines at the level of 7350. Canceling of the variant of Bitcoin quotations drop will be a breakdown the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of ​​7000, which indicates the change of the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations BTC/USD stands with a breakdown of the level of 5850.


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