Bitcoin BTC/USD is trading at 6239 and continues to move in the fall. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend. As part of the Bitcoin prediction & analysis BTC/USD November 2, 2018, the test of Ichimoku Kinko Hyo signal lines is expected near the level of 6285. Where should we expect a rebound and an attempt to continue the fall of Bitcoin cryptocurrency with a potential goal of 6020.

Bitcoin prediction & analysis BTC/USD November 2, 2018

In favor of the fall of the BTC/USD cryptocurrency quotes, a test of the resistance area will come out. Earlier, a medium strength signal was obtained for SELL the Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 6405.

Bitcoin prediction & analysis BTC/USD November 2, 2018

Canceling the option of falling Bitcoin quotes will break the upper boundary of the Ichimoku Kinko Hyo Cloud with quotes closing above 6450. This option will indicate a change in the downward trend in favor of an upward trend and 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 6180.

Bitcoin prediction & analysis BTC/USD November 2, 2018 involves an attempt to correct cryptocurrency and test the resistance level near the 6285 area, from which we can expect Bitcoin to continue to fall with the potential target near the 6020 level, cancellation of the decline will be a strong growth and breakdown of the 6450 area that would indicate continued growth.