Bitcoin BTC/USD is trading at 6426 and continues to move as part of the correction. The cryptocurrency is trading inside the Ichimoku Kinko Hyo Cloud, which indicates the presence of a side trend. As part of the Bitcoin forecast & analysis BTC/USD October 26, 2018, a test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 6400, from which we can expect a rebound and an attempt to continue to grow Bitcoin cryptocurrency with a potential target of 6650.
Bitcoin forecast & analysis BTC/USD October 26, 2018
A test of the support area, as well as a rebound from the upper limit of the downward channel will be in favor of the cryptocurrency quotes growth BTC/USD. Earlier, a medium strength signal was obtained for SELL of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 6405.
Cancellation of the growth option of Bitcoin quotes will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 6350, which will indicate a change in the side trend in favor of the downward trend and the continuation of the fall of the Bitcoin rate. Expect confirmation of the growth of BTC/USD quotes with the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud and closing above the 6500 level.
Bitcoin forecast & analysis BTC/USD October 26, 2018 involves an attempt to correct cryptocurrency and test the support level near the 6400 area, from which we can expect further growth of the Bitcoin rate with a potential target near the level of 6650.