Bitcoin BTC/USD is trading at the level of 2651.98. 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 of 2690.00 is expected to test the lower boundary of the cloud, from which one should expect an attempt to drop and develop a bearish trend over Bitcoin with a target to lower near the level of 2240.00.
Bitcoin forecast BTC/USD on June 18, 2017
Earlier, a weak signal was received for the buying cryptocurrency Bitcoin, due to the crossing of signal lines at the level of 2446.00. Cancellation of the variant of falling of the Crypto currency quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 2840.00, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations BTC/USD stands with the breakdown of the local minimum area at 2320.00.
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