Bitcoin BTC/USD is traded at the level of 9096. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Bitcoin. Ichimoku Kinko Hyo signal line area test is near the 9850 level, from which we should expect a rebound and an attempt to continue the fall with the target close to 6800.
Bitcoin forecast & analysis BTC/USD on January 18, 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 quotations above the area of 11500, 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 a breakdown of the level of the lower boundary of the descending channel and closing below 6500.
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