Bitcoin BTC/USD is traded at 6630. 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 Ichimoku Kinko Hyo signal lines near the level of 6700 is expected, from which one should expect a rebound and an attempt to continue falling of the cryptocurrency with a target at the level of 5900.
Bitcoin forecast & analysis BTC/USD June 15, 2018
In favor of falling quotations of the cryptocurrency will test the upper limit 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.
Canceling 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 7000, 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 quotations BTC/USD is with the breakdown of the support area and closing below the level of 6250.
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