Bitcoin BTC/USD is traded at 6310 and continues to move in decline. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a downward trend. As part of the Bitcoin prediction & analysis BTC/USD November 12, 2018, a test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 6360. Where should we expect a rebound and an attempt to continue the fall of Bitcoin cryptocurrency with a potential target of 6120.
Bitcoin prediction & analysis BTC/USD November 12, 2018
In favor of the fall of BTC/USD cryptocurrency quotes, a test of the resistance area will come out. Earlier, a weak signal was received for sell the Bitcoin cryptocurrency, due to the intersection of signal lines at the level of 6450.
Cancellation of the growth option of Bitcoin quotes will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the 6440 area. This option will indicate a change in the downward trend in favor of the upward trend and the continued growth of the Bitcoin rate. Expect confirmation of a decline in BTC/USD quotes with a breakdown of the lower boundary of the bullish channel and closing below the level of 6200.
Bitcoin prediction & analysis BTC/USD November 12, 2018 suggests an attempt to correct cryptocurrency and test the resistance level near the 6360 area. Where can we expect the Bitcoin exchange rate to continue to fall with the potential target near the 6120 level. This will indicate continued growth.
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