Bitcoin BTC/USD is trading at 9062. The cryptocurrency is traded 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 area of 9300 is expected, from which it is expected to rebound and attempt to continue falling with the target at 7400 level.
Bitcoin forecast & analysis BTC/USD on March 10, 2018
In favor of falling quotations of cryptocurrency, a resistance level test will perform, as well as a trend line bearish test. Earlier, we received a weak signal for sell of Bitcoin cryptocurrency, due to crossing of signal lines at the level of 10900.
The cancellation of the variant of Bitcoin quotations drop will be the breakdown of the upper Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 10050, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes BTC/USD is with the breakdown of the support area and closing below the level of 8050.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
