Bitcoin BTC/USD is trading at 3594. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. It is expected to test the area of the signal lines of the indicator near the level of 3600, from which it is expected to attempt a rebound and continue falling with the target close to 2980. An additional signal in favor of the drop of the cryptocurrency will be the test of the upper boundary of the bearish channel.
Bitcoin prediction & analysis BTC/USD on September 18, 2017
Earlier, a strong signal was received for the buying of Bitcoin cryptocurrency due to the crossing of the signal lines at the level of 3610. The cancellation of the variant of the Bitcoin quotations drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 3850, which will indicate a bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes BTC/USD stands with a breakdown of the level of 3500.
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