Bitcoin BTC/USD is traded at the level of 14463. Cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Bitcoin. Ichimoku Kinko Hyo Cloud near the level of 14500 is expected to be tested near the level of 14500, from which one should expect a rebound and an attempt to continue falling with the target near 12380. Earlier, a weak signal was received for buy of Bitcoin cryptocurrency due to the crossing of signal lines at 13450 level.
Bitcoin forecast & analysis BTC/USD on December 27, 2017
The cancellation of the variant of Bitcoin quotations drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 15350, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations BTC/USD is at breakdown level 11900. 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 increase in the area of the local maximum with a potential purpose near the area of 19700.
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