Bitcoin BTC/USD is trading at 6,175. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. The test of the lower boundary of Ichimoku Kinko Hyo Cloud near the level of 6300 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 5550 level.
Bitcoin forecast & analysis BTC/USD June 27, 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 6550, 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 5850.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
