Bitcoin BTC/USD is trading at 10170. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, indicating a flat trend over Bitcoin. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 10500 level, from which one should expect a rebound and an attempt to continue falling with the target at 8250. An additional signal in favor of the fall will be a test of the lower boundary of the rising channel.
Bitcoin forecast & analysis BTC/USD on February 24, 2018
Earlier, a weak signal was received for the sell of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 10850. 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 11150, which indicates the change of the flat 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 Cloud indicator and the closing below the level of 9300.
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