Bitcoin BTC/USD is trading at 4523. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. A test of the lower limit of the Cloud of the indicator near the level of 4550 is expected, from which it is expected to attempt a rebound and continue falling with the target close to 4150. Earlier, a weak signal was obtained for the buying of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 4450.
Bitcoin forecast & analysis BTC/USD on September 8, 2017
The cancellation of the drop in quotations of Bitcoin will be a breakdown Ichimoku Kinko Hyo Clouds with the closing of quotes above the area of 4650, which indicates the change of the bullish trend in favor of a bearish and the potential growth of quotations above the level of 5150. Expect an acceleration in the growth of quotations BTC/USD stands with a breakdown of the level of the Neck line of the «Head and Shoulders» reversal pattern and closing above the level of 4800.
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