Bitcoin BTC/USD is trading at the level of 9317. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Ichimoku Kinko Hyo Cloud near the 9700 level is expected to be tested near the level of 9700, from which we should expect a rebound and an attempt to continue falling with the target at 7500.
Bitcoin forecast & analysis BTC/USD on February 26, 2018
Earlier we received a weak signal for 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 Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 10800, which will indicate the change of 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.
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