Bitcoin BTC/USD is trading at the level of 10077. 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 10200 level, from which one should expect a rebound and an attempt to continue falling with a target at 8800. An additional signal in favor of the drop is the resistance level test.
Bitcoin forecast & analysis BTC/USD on February 27, 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 10700, 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 support area and closing below the level of 8600.
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