Bitcoin BTC/USD is trading at 4218. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a trend reversal in favor of a bearish in Bitcoin. A test of the lower boundary of the Cloud of the indicator near the level of 4480 is expected, from which it is expected to attempt a rebound and continue falling with the target close to 4150. An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area.
Bitcoin forecast & analysis BTC/USD on September 6, 2017
Earlier, a weak signal was received for the sale of Bitcoin cryptocurrency, due to the crossing of signal lines at 4710. 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 4750, which will indicate a change in the bullish trend in favor of a bearish 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 the level of 3950.
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