Bitcoin BTC/USD is trading at 6912. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend for Bitcoin. Ichimoku Kinko Hyo Cloud upper Test is expected near the area of 7100, from which it is expected to rebound and attempt to continue falling with a target at 6000.
Bitcoin forecast & analysis BTC/USD April 12, 2018
In favor of falling quotations of crypto currency will test the upper limit of the model «Diamond». The target of the model’s development is the area at the level of 5500. Earlier, a strong signal was received for sell of Bitcoin cryptocurrency, due to crossing of signal lines at 6850 level.
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 quotes above the area of 7250, which indicates a change in the flat trend in favor of the bullish trend. Expect the acceleration of the fall in quotes BTC/USD stands with the breakdown of the lower boundary of the model «Diamond» and the closing below the level of 6500.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
