Bitcoin BTC/USD is trading at 6071. 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 6150 is expected, from which we should expect a rebound and an attempt to continue the fall of the crypto currency with a target at the level of 5350.
Bitcoin forecast & analysis BTC/USD June 28, 2018
In favor of falling quotations of the cryptocurrency will test the resistance area. Earlier, a weak signal was received for buy of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 6150.
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 6500, 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.
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