Bitcoin forecast & analysis BTC/USD June 24, 2018


Bitcoin BTC/USD is trading at 6112. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. The Ichimoku Kinko Hyo signal line area test is expected near the level of 6200, from which one should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 5650 level.

Bitcoin forecast & analysis BTC/USD June 24, 2018

In favor of falling quotations of the cryptocurrency, a test of the resistance area will perform, as well as a test of the upper boundary of the bearish channel. Earlier, a medium strength signal was received for the sell of Bitcoin cryptocurrency, due to the crossing of the signal lines at the level of 6550.

Bitcoin forecast & analysis BTC/USD June 24, 2018

Canceling the variant of Bitcoin quotations drop will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of ​​6650, which will indicate a change in the bearish trend in favor of the bullish trend and the continued growth of Bitcoin. Expect to accelerate the fall in quotations BTC/USD is with the breakdown of the support area and closing below the level of 5900.


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