Bitcoin forecast & analysis BTC/USD June 23, 2018


Bitcoin BTC/USD is traded at the level of 6024. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Bitcoin. The test area of ​​Ichimoku Kinko Hyo signal lines near the level of 6250 is expected, from which one should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 5650 level.

Bitcoin forecast & analysis BTC/USD June 23, 2018

In favor of falling quotations of the cryptocurrency, a test of the resistance area will perform, as well as a test of the upper boundary of the bearish channel. Earlier, a medium strength signal was received for the sell of Bitcoin cryptocurrency, due to the crossing of the signal lines at the level of 6550.

Bitcoin forecast & analysis BTC/USD June 23, 2018

Canceling the variant of Bitcoin quotations drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 6700 area, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of Bitcoin. Expect to accelerate the fall in quotations BTC/USD is with the breakdown of the support area and closing below the level of 5900.


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