Bitcoin BTC/USD is trading at 6,154. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Ichimoku Kinko Hyo signal line area test is expected near the level of 6250, from which we should expect a rebound and an attempt to continue the fall of the crypto currency with a target at 5550 level.
Bitcoin forecast & analysis BTC/USD June 25, 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 medium strength signal was received for the sell of Bitcoin cryptocurrency, due to the crossing of the signal lines at the level of 6550.
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 6650, 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 5750.
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