Bitcoin BTC/USD is traded at the level of 6721 and continues to move within the framework of growth. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend. As part of the Bitcoin forecast & analysis BTC/USD September 22, 2018, Ichimoku Kinko Hyo signal line area test is expected near the level of 6550, from which we should expect a rebound and an attempt to continue the growth of Bitcoin cryptocurrency with a potential target at 7200.
Bitcoin forecast & analysis BTC/USD September 22, 2018
In favor of the growth of the BTC/USD currency rate quotations, the support area test will perform. Earlier, a weak signal was received for buy of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 6350.
The cancellation of the variant of Bitcoin quotations growth will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 6250, which will indicate a change in the upward trend in favor of the downward trend and the continued decline in the Bitcoin rate. To expect the growth of the drop in quotes of BTC/USD is with the breakdown of the resistance area and the closing above the level of 6950.
Bitcoin forecast & analysis BTC/USD September 22, 2018 suggests an attempt at correction of the cryptocurrency and support level test near the area of 6550, where we can expect the Bitcoin rate to continue growing with a potential target near the level of 7200, the dropping of the growth option will be the fall and breakdown of the area 6250, which will indicate the resumption of the downward trend and the continuation of the fall.
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