Bitcoin forecast and Analytics of BTC/USD on 6 September 2018

0

Bitcoin forecast and Analytics of BTC/USD on 6 September 2018

The Bitcoin BTC/USD is trading at the level of 6896 and continues to move within rising channel. The cryptocurrency is trading inside the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a lateral trend for Bitcoin. In the framework of the forecast rate of digital currency is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 6800, where we can expect rebound and attempt continued growth of Bitcoin to the goal at the level of 7300.

Bitcoin forecast and Analytics of BTC/USD on 6 September 2018

In favor of the price growth of the cryptocurrency, BTC/USD will perform test support area and rebound from the lower boundary of the rising channel. Earlier it was obtained a strong signal for purchases of Bitcoin, due to the intersection of the signal lines at the level of 6550.

Cancellation option growth of quotations of Bitcoin will breakout of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of the quotations below 6700, which indicates the change of lateral tendency in favor of a downtrend and the continued depreciation of Bitcoin. To expect confirmation of the growth of the rate BTC/USD is a breakout of the upper border of the Ichimoku Kinko Hyo Cloud and close above 7150.

Thus, Bitcoin forecast and Analytics of BTC/USD on 6 September 2018 involves the attempt to correct cryptocurrency and test the support level near the area of the 6800, where we can expect continued growth of the Bitcoin exchange rate with a potential target near the level of 7300, the cancellation option growth will be a strong drop and the breakdown region 6700 that will indicate the resumption of the downward trend and continued decline.

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.