Bitcoin BTC/USD is trading at 10971. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Ichimoku Kinko Hyo Cloud near the level 11250 is expected to be tested near the level of 11250, from which we should expect a rebound and an attempt to continue falling with the target at 8600. Earlier we received a weak signal for buy of Bitcoin cryptocurrency due to the crossing of signal lines at the level of 10850.
Bitcoin forecast & analysis BTC/USD on January 27, 2018
Cancellation of the variant of Bitcoin quotations drop will be a 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 the acceleration of the fall in quotations BTC/USD stands with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 9900.
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