Bitcoin forecast & analysis BTC/USD on January 12, 2018


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Bitcoin BTC/USD is trading at 13395. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Ichimoku Kinko Hyo Cloud is expected to test near the level of 14100, from which it is expected to rebound and attempt to continue the fall with the target near 11300.

Bitcoin forecast & analysis BTC/USD on January 12, 2018

Bitcoin forecast & analysis BTC/USD on January 12, 2018

Earlier, a weak signal was received for the sale of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 15200. 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 quotes above the area of ​​15200, which will indicate the change of the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations BTC/USD stands with the breakdown of the level of the lower border of the channel and the closing below 12300.

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