Bitcoin BTC/USD is trading at 13261. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Ichimoku Kinko Hyo signal line area test is near the level of 13950, from which one should expect a rebound and attempt to continue falling with the target close to 10200. Earlier, a strong signal was received for sell of Bitcoin cryptocurrency, by crossing signal lines at 14050 level.
Bitcoin forecast & analysis BTC/USD on December 26, 2017
The breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 15250, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in the quotations of BTC/USD is at the breakdown of the level of 11700. Do not exclude the formation of the reversal model «Double Bottom», therefore, with a breakdown of the resistance level of 15200, we should expect an attempt to grow into the local maximum area with a potential target near the area of 19700.
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