Bitcoin forecast & analysis BTC/USD August 7, 2018

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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.

Bitcoin forecast & analysis BTC/USD August 7, 2018

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.

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