Bitcoin forecast and Analytics of BTC/USD on September 8, 2018

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Bitcoin forecast and Analytics of BTC/USD on September 8, 2018

The Bitcoin BTC/USD is trading at the level of 6430 and continues movement in the correction. 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 of exchange rate of Bitcoin on September 8, 2018, 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 to the goal at the level of 5850.

Bitcoin forecast and Analytics of BTC/USD on September 8, 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 6950 that will point to a change in the downward trend in favor of the upward trend and the continued growth of Bitcoin. Expected to accelerate the drop in prices of BTC/USD is a breakdown of support and a close below 6150 level.

Thus, Bitcoin forecast and Analytics of BTC/USD on September 8, 2018 implies an attempt of correction cryptocurrency and test of resistance near 6650, where we can expect further rate fall of Bitcoin, with a potential target near the level of 5850, cancellation of risk will be strong growth and the breakdown region 6950 that will indicate resumption of uptrend and continuation of growth.

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