Bitcoin BTC/USD is trading at 9836. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Ichimoku Kinko Hyo signal line area test is near the 10350 level, from which we expect a rebound and an attempt to continue falling with the target at 8000.
Bitcoin forecast & analysis BTC/USD on February 1, 2018
Earlier we received a weak signal for sell of Bitcoin cryptocurrency, due to crossing of signal lines at the level of 10850. Canceling 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 11800, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations BTC/USD is with the breakdown of the level of support and closing below the level of 9200.
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