Bitcoin forecast and Analytics of BTC/USD on 7 September 2018

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Bitcoin forecast and Analytics of BTC/USD on 7 September 2018

The Bitcoin BTC/USD is trading at the level of 6430 and continues to diminish. The cryptocurrency is trading below the lower boundary of the Clouds Ichimoku Kinko Hyo, which indicates that the downward trend in Bitcoin. In the framework of the forecast rate of digital currency is expected to test region signal lines Ichimoku Kinko Hyo close to the 6650 level, where we can expect rebound and attempted the continuation of the fall of Bitcoin with a target of 5950 level.

Bitcoin forecast and Analytics of BTC/USD on 7 September 2018

In favor of declines in cryptocurrencies BTC/USD will perform the test of resistance and rebounded from the upper border of the descending channel. Earlier it was obtained a weak signal for selling Bitcoin through the intersection of the signal lines at the level of the 7050.

The cancellation of the option declines in Bitcoin will be a break of the upper border of the Ichimoku Kinko Hyo Cloud with the closing of the quotations above 7100, that will point to a change in the downward trend in favor of the upward trend and the continued growth 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 7 September 2018 involves the attempt to correct cryptocurrency and test of resistance near 6650, where we can expect further rate fall of Bitcoin, with a potential target near 5950 level, the cancellation of risk will be strong growth and the breakdown region 7100 that will indicate resumption of uptrend and continuation of growth.

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