Cryptocurrency Bitcoin BTC/USD is trading at the level of 2438.62. The Ichimoku Kinko Hyo cloud broke through the Crypto currency and began to trade below its lower limit, indicating a bearish trend in Bitcoin. Ichimoku Kinko Hyo Cloud is expected to test near the level of 2540.00, from which one should expect an attempt to drop and develop a bearish trend over Bitcoin with a view to lower near the level of 2110.00.
Bitcoin forecast BTC/USD on June 16, 2017
Earlier, we received a weak signal for sales of Bitcoin Crypto currency, due to crossing of the signal lines at the level of 2741.00. The cancellation of the variant of falling of the Crypto currency quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 2810.00, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations BTC/USD stands with the breakdown of the local minimum area at 2210.00.
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