Bitcoin BTC/USD is trading at 9829. 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 near the 10600 level is expected, from which it is expected to rebound and attempt to continue falling with the target at 7500.
Bitcoin forecast & analysis BTC/USD on January 24, 2018
Earlier, a signal of medium strength was obtained for sell of Bitcoin cryptocurrency, due to crossing of signal lines at level 11200. 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 12000, which will indicate the change of the bearish trend in favor of the bearish trend. Expect the acceleration of the fall in quotes BTC/USD stands with a breakdown of the level of 8700.
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