Bitcoin BTC/USD is trading at 10948. The cryptocurrency is trading 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 11150, from which it is expected to rebound and attempt to continue falling with the target at 8300. Earlier, a signal of medium strength was obtained to sell Bitcoin cryptocurrency, by crossing the signal lines at level 11200.
Bitcoin forecast & analysis BTC/USD on January 25, 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 12000, which will indicate the change of the bearish tendency in favor of the bullish trend. Expect the acceleration of the fall in quotes BTC/USD stands with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 9100.
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