Bitcoin forecast & analysis BTC/USD June 15, 2018


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.

Bitcoin forecast & analysis BTC/USD June 15, 2018

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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