Bitcoin BTC/USD is trading at 6756. The cryptocurrency is traded below the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. The test area of the Ichimoku Kinko Hyo signal lines near the level of 7000 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target at 6100 level.
Bitcoin forecast & analysis BTC/USD June 11, 2018
In favor of falling quotations of the cryptocurrency will test the resistance area. Earlier, a weak signal was received for the sell of Bitcoin cryptocurrency, due to the crossing of the signal lines at the level of 7550.
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 7500, which will indicate the change of the bearish trend in favor of the bullish trend and the continued growth of Bitcoin. Expect to accelerate the fall in quotes BTC/USD is with the breakdown of the support area and closing below the level of 6500.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
