Bitcoin BTC/USD is trading at 6600. 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 level of 6700 is expected, from which it is expected to rebound and continue falling with the target close to 5650. An additional signal in favor of the drop of the cryptocurrency will be a resistance level test.
Bitcoin forecast & analysis BTC/USD on November 15, 2017
Earlier, a weak signal was received for the sell of Bitcoin cryptocurrency due to the crossing of signal lines at the level of 7,350. 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 7100, which will indicate a bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations BTC/USD stands with a breakdown of the level of 6100.
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