Bitcoin BTC/USD is trading at 4530. The currency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Waiting for the test of the lower boundary of the Cloud of the indicator near the level of 4550, from which it is expected to attempt a rebound and continue falling with the target near 4150. An additional signal in favor of the fall of the cryptocurrency is the test of the resistance area, as well as the test of the upper boundary of the bearish model «5-0».
Bitcoin prediction & analysis BTC/USD on September 7, 2017
Earlier, we received a weak signal for sales of Bitcoin cryptocurrency, due to the crossing of the signal lines at the level of 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 quotes above the area of 4680, which will indicate a change in the bullish trend in favor of a bearish trend and the potential growth of quotations above the level of 5150. Expect the acceleration of the fall in quotations BTC/USD stands with the breakdown of the bottom of the rising channel and the closing below the level of 4000.
- BITCOIN chart online
- BITCOIN forecast & analysis
- ZCASH news & technical analysis
- LITECOIN prediction for today
- RIPPLE forecast & signals
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
