Bitcoin BTC/USD is trading at 3798 and continues to move as part of the decline. Quotes BTC/USD is trading below the lower limit of the Ichimoku Kinko Hyo Cloud. This indicates a flat trend.

As part of the Bitcoin prediction & analysis BTC/USD December 5, 2018, a test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the 4000 level. Where should we expect a rebound and an attempt to continue the fall of Bitcoin cryptocurrency with a potential goal of 3050.

Bitcoin prediction & analysis BTC/USD December 5, 2018

In favor of reducing the cryptocurrency quotes of BTC/USD, a test of the resistance area will come out. As well as a rebound from the lower boundary of the bullish channel. Earlier, a medium strength signal was received for SELL the Bitcoin cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 4050.

Bitcoin prediction & analysis BTC/USD December 5, 2018

Cancellation of the bitcoin quote reduction option will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with quotes closing above the 4250 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 to accelerate the fall of BTC/USD quotes with the breakdown of the support area and closing below 3700.

Bitcoin prediction & analysis BTC/USD December 5, 2018 involves an attempt to correct cryptocurrency and test the resistance level near 4000. Where can we expect further depreciation of Bitcoin with a potential goal near 3050. Cancellation of the fall will be a strong growth and breakdown of 4250 This will indicate a continuation of the climb.