Bitcoin BTC/USD is trading at 6677. The cryptocurrency is traded below the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Ichimoku Kinko Hyo signal line area test near the 6800 level is expected, from which we should expect a rebound and an attempt to continue falling of the cryptocurrency with a target at the level of 6000.
Bitcoin forecast & analysis BTC/USD June 13, 2018
In favor of falling quotations of cryptocurrency, a resistance area test will perform, as well as a test of the upper bound of the «Triangle» model. 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 7250, 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 6400.