Bitcoin BTC/USD is trading at 10334. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend for Bitcoin. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 10500 level, from which it is expected to rebound and attempt to continue falling with the target at 8700. An additional signal in favor of the fall will be the test of the upper boundary of the bearish channel.
Bitcoin forecast & analysis BTC/USD on March 2, 2018
Earlier, a weak signal was received for buy of Bitcoin cryptocurrency, due to the crossing of signal lines at 9800 level. 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 10900, which will indicate a change in the flat 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 the closure below the level of 9800.
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