Bitcoin BTC/USD is traded at the level of 6728. The cryptocurrency is trading below the upper limit of the Ichimoku Kinko Hyo Cloud, which indicates 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 a target at the level of 6000.
Bitcoin forecast & analysis BTC/USD June 12, 2018
In favor of falling quotations of the cryptocurrency, a test of the resistance area will perform, as well as a test of the upper boundary of the bearish channel. 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 quotes above the 7400 area, which will indicate a change in 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.
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