Bitcoin forecast & analysis BTC/USD on January 15, 2018


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Bitcoin BTC/USD is trading at 13122. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Ichimoku Kinko Hyo Cloud near the level of 13650 is expected to be tested near the level of 13650, from which one should expect a rebound and an attempt to continue the fall with the target near 11550. Earlier, a weak signal was received for the buy of Bitcoin cryptocurrency due to the crossing of signal lines at 13450 level.

Bitcoin forecast & analysis BTC/USD on January 15, 2018

Bitcoin forecast & analysis BTC/USD on January 15, 2018

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 ​​14900, 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 a breakdown of the level of the lower boundary of the model «Triangle» and closing below 12350. In the event of a breakdown of the upper boundary of the model, the target is the area at 16250.


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