Bitcoin BTC/USD is traded at the level of 9597. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Bitcoin. Ichimoku Kinko Hyo Cloud is expected to test near the level of 10000, from which it is expected to rebound and attempt to continue falling with a target at 7500. An additional signal in favor of the fall will be the test of the lower boundary of the rising channel.
Bitcoin forecast & analysis BTC/USD on February 25, 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 10850, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes BTC/USD is with the breakdown of the support area and closing below the level of 9200.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
