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.
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.