Bitcoin BTC/USD is trading at 6917. The cryptocurrency trading below the cloud base Ichimoku Kinko Hyo, indicating a bearish trend of Bitcoin. It is expected the area of the signal lines Ichimoku Kinko Hyo test 7200 near the level where we can expect a rebound attempt and continue cryptocurrency Bitcoin fall for the target at the level of 6150.
Bitcoin forecast & analysis BTC/USD August 7, 2018
In favor of lowering the quotations of the BTC/USD cryptocurrency, a resistance level test will perform, as well as a test of the upper boundary of the channel. Earlier, a weak signal was received for sell of Bitcoin cryptocurrency, due to the crossing of signal lines at 8050 level.
Cancellation option will reduce the Bitcoin quotations breakdown of the top of a cloud Ichimoku Kinko Hyo with closing quotations above the area 7550 that will indicate the shift bearish trend in favor of a bullish trend and the continued growth of Bitcoin course. Expect to accelerate the fall in quotations BTC/USD is with the breakdown of the support area and the closure below the level of 6750.
Bitcoin forecast & analysis BTC/USD August 7, 2018 suggests an attempt of correction cryptocurrency and test the level of 7200, where is expected to continue Bitcoin rate fall to a potential target near the level of 6150, the cancellation of options for reducing deliver strong growth and the breakdown of the field 7550.