Bitcoin BTC/USD is trading at 6482 and continues to move within the growth framework. 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 17, 2018, the Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 6390, from which we expect a rebound and an attempt to continue the growth of Bitcoin’s cryptocurrency with a potential target at 6750.
Bitcoin forecast & analysis BTC/USD September 17, 2018
In favor of the growth of the cryptocurrency BTC/USD quotes, a test of the support area will perform, as well as a rebound from the lower border of the bullish channel. 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 6250, 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 Ichimoku Kinko Hyo Cloud and the closing above the level of 6650.
Bitcoin forecast & analysis BTC/USD September 17, 2018 suggest an attempt at correction of the cryptocurrency and support-level test near the area of 6390, where we can expect the Bitcoin rate to continue growing with a potential target near the level of 6750, the abolition of the growth option will be a decrease and breakdown of the area 6250, which will indicate the resumption of the bearish trend and the continuation of the fall.
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