Bitcoin BTC/USD is trading at 3685. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. A test of the lower boundary Cloud of the indicator is expected near the level 4010, from which it is expected to attempt a rebound and continue falling with the target close to 2980.
Bitcoin prediction & analysis BTC/USD on September 17, 2017
An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area. Earlier, a strong signal was received for the sale of Bitcoin cryptocurrency, due to the crossing of signal lines at 4450. 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 quotes above the area of 4240, which will indicate a change of the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes BTC/USD stands with a breakdown of the level of 3500.
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