Bitcoin BTC/USD is trading at 6349 and continues to move within the limits of the decline. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. As part of the Bitcoin forecast & analysis BTC/USD September 10, 2018, the Ichimoku Kinko Hyo signal line area is expected near the 6400 level, from which we expect a rebound and an attempt to continue the fall of Bitcoin cryptocurrency with a target at 5820.
Bitcoin forecast & analysis BTC/USD September 10, 2018
In favor of lowering the quotations of the BTC/USD cryptocurrency, a resistance area test will perform, as well as a rebound from the upper boundary of the bearish channel. Earlier, a weak signal was received for the sell of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 7050.
The cancellation of the variant of Bitcoin quotations decrease will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 6800, which will indicate the change of the bearish trend in favor of the bullish trend and the continued growth of Bitcoin. Expect the acceleration of the fall in quotes BTC/USD is with the breakdown of the support area and closing below the level of 6150.
Bitcoin forecast & analysis BTC/USD September 10, 2018 suggest an attempt at correction of the cryptocurrency and resistance level test near the area of 6400, from which it is expected to continue the decline of the Bitcoin exchange rate with a potential target near the level of 5820, the abolition of the decline option will be a strong growth and breakdown of the area 6950, which will indicate the resumption of the bullish trend and the continuation of growth.
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