Bitcoin BTC/USD is trading at 6079. The cryptocurrency trading below the cloud base Ichimoku Kinko Hyo, indicating a bearish trend of Bitcoin. The test of the lower boundary of the 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 cryptocurrency with a target at 5450 level.
Bitcoin forecast & analysis BTC/USD June 29, 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.
Cancellation option Bitcoin fall of quotations will sample cloud tops Ichimoku Kinko Hyo with closing quotations above the area 6350 that will indicate the shift bearish trend in favor of an bullish trend and the continued growth of Bitcoin course. 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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