Bitcoin BTC/USD is trading at 5523. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Ichimoku Kinko Hyo Cloud is expected to be tested near the 5600 level, from which it is expected to attempt a rebound and continue falling for the target below the level of 5000.
Bitcoin forecast & analysis BTC/USD on October 26, 2017
Earlier, a weak signal was received for sell of Bitcoin cryptocurrency, due to crossing of signal lines at the level of 5900. Canceling the variant of Bitcoin there will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 5950, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes BTC/USD stands with the breakdown of the bottom of the rising channel and the closing below 5350.
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