Bitcoin BTC/USD is trading at 10944. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Ichimoku Kinko Hyo Cloud near the level 11450 is expected to be tested near the level of 11450, from which one should expect a rebound and an attempt to continue falling with the target at 8300.
Bitcoin forecast & analysis BTC/USD on January 26, 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 quotes above the area of 12200, 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 the breakdown of the lower limit of the model «Triangle» and the closing below the level of 9400.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
