Bitcoin forecast and Analytics of BTC/USD for October 28, 2018

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Bitcoin forecast and Analytics of BTC/USD for October 28, 2018

Cryptocurrency Bitcoin: BTC/USD is trading at 6404 and continues to move in the framework of the model “Triangle”. Cryptocurrency trading below the lower border of the Ichimoku Kinko Hyo Cloud, indicating a downward trend. In the framework of the forecast of exchange rate of Bitcoin on October 28, 2018, is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 6415, where we can expect rebound and attempted the continuation of the fall of Bitcoin to a potential target at the level of 6200.

Bitcoin forecast and Analytics of BTC/USD for October 28, 2018

In favor of the drop in prices of cryptocurrencies BTC/USD will perform the test of resistance, and rebound from the upper boundary of the model “Triangle”. Was previously received signal average strength for sales of Bitcoin, due to the intersection of the signal lines at the level of 6405.

The cancellation option drop in prices of Bitcoin will be a break of the upper border of the Ichimoku Kinko Hyo Cloud with the closing of the quotations above 6500 that will point to a change in the downward trend in favor of the upward trend and the continued growth of Bitcoin. Wait for a confirmation of the drop in prices of BTC/USD is a breakout of the lower boundary of the model “Triangle” and close below the level of 6350.

Thus, Bitcoin forecast and Analytics of BTC/USD for October 28, 2018 implies an attempt of correction cryptocurrency and test the resistance level near 6415, where we can expect further rate fall of Bitcoin, with a potential target near the level of 6200, cancellation of risk will be strong growth and the breakdown region of 6500, which indicates continued growth.

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