Bitcoin BTC/USD is trading at 13933. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Ichimoku Kinko Hyo Cloud is expected to be tested near the level of 14300, from which we should expect a rebound and an attempt to continue the fall with the target close to 12,500.
Bitcoin forecast & analysis BTC/USD on January 11, 2018
Earlier we received a weak signal for sell of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 15200. The cancellation of the variant of Bitcoin quotations drop will be the breakdown of the upper boundary of Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 15200, which will indicate the change of 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 level of the lower border of the channel and the closing below 12300.