Bitcoin BTC/USD is trading at 5866. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. The test area of Ichimoku Kinko Hyo signal lines near the level of 5950 is expected, from which we should expect a rebound and an attempt to continue falling of the cryptocurrency with the target at the level of 5250.
Bitcoin forecast & analysis BTC/USD June 30, 2018
In favor of falling quotations of the cryptocurrency will test the resistance area. Earlier, a strong signal was received for the sell of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 6000.
Cancellation option Bitcoin fall of quotations will sample cloud tops Ichimoku Kinko Hyo with closing quotations above the area 6350 that will indicate the change bearish trend in favor of a bullish trend and the continued growth of Bitcoin. Expect the acceleration of the fall in quotes BTC/USD stands with the breakdown of the support area and closing below the level of 5800.
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