Bitcoin BTC/USD is traded at the level of 7001. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Bitcoin. The test area of the Ichimoku Kinko Hyo signal lines near the 7250 area is expected, from which it is expected to rebound and attempt to continue falling with the target at level 6050.
Bitcoin forecast & analysis BTC/USD April 3, 2018
In favor of falling quotations of crypto currency, a resistance level test will perform. Earlier, a weak signal was received for the sell of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 8500.
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 7800, which will indicate a change in 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 lower boundary of the bearish channel and the closing below the level of 6100.
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