Bitcoin BTC/USD is trading at 11429. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Ichimoku Kinko Hyo signal line area test is near the 12200 level, from which we should expect a rebound and an attempt to continue the fall with the target close to 9750.
Bitcoin forecast & analysis BTC/USD on January 17, 2018
Earlier, a strong signal was received for sell of Bitcoin cryptocurrency, due to crossing of signal lines at 13200 level. 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 13500, 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 lower border of the bearish channel and the closing below 9500.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
