Bitcoin BTC/USD is trading at 13893. 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 14300, from which we should expect a rebound and an attempt to continue the fall with the target close to 12800.
Bitcoin forecast & analysis BTC/USD on January 14, 2018
Earlier we received a weak signal for sell 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 the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 15100, which will indicate the change of the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes BTC/USD stands with the breakdown of the level of the lower border of the channel and the closing below 12200.