Bitcoin BTC/USD is traded at 6434 and continues to move within the «Triangle» model. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend over Bitcoin. As part of Bitcoin forecast & analysis BTC/USD September 15, 2018, the Ichimoku Kinko Hyo Cloud lower limit test is expected near the 6300 level, from which we expect a rebound and an attempt to continue the growth of Bitcoin cryptocurrency with a potential target at 6700.
Bitcoin forecast & analysis BTC/USD September 15, 2018
In favor of the growth of the BTC/USD cryptocurrency quotes, a support area test will perform, as well as a rebound from the upper bound of the «Triangle» model. Earlier, a weak signal was received for buy of Bitcoin cryptocurrency, due to the crossing of signal lines at 6250 level.
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 6200, which will indicate a change in the flat trend in favor of a bearish trend and the continued decline in the Bitcoin rate. To expect confirmation of the growth of quotations BTC/USD stands with the breakdown of the upper boundary of the descending channel and the closing above the level of 6600.
Bitcoin forecast & analysis BTC/USD September 15, 2018 suggests an attempt at correction of the cryptocurrency and support level test near the area of 6300, where we can expect the Bitcoin rate to continue growing with a potential target near the level of 6700, the abolition of the growth variant will be a decrease and the breakdown of the area 6200, which will indicate the resumption of the bearish trend and the continuation of the fall.
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