Bitcoin BTC/USD is trading at 13326. 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 13700, from which we should expect a rebound and an attempt to continue the fall with the target close to 11000. In favor of the fall of the cryptocurrency, a downtrend line test will perform.
Bitcoin forecast & analysis BTC/USD on January 3, 2018
Earlier, a weak signal was received for buy of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 13050. Canceling 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 below the area of 14250, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes BTC/USD stands with a breakdown of the level of 12000.