Bitcoin forecast and Analytics of BTC/USD on 24 September 2018

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Bitcoin forecast and Analytics of BTC/USD on 24 September 2018

The Bitcoin BTC/USD is trading at 6693 and continues movement in the correction. Cryptocurrency trading above the upper boundary of the Clouds Ichimoku Kinko Hyo, which indicates the presence of a rising trend. In the framework of the forecast Bitcoin exchange rate on 24 September 2018, is expected to test region signal lines Ichimoku Kinko Hyo near the 6600 level where we can expect rebound and attempt continued growth of Bitcoin to a potential target at the level of 7150.

Bitcoin forecast and Analytics of BTC/USD on 24 September 2018

In favor of the price growth of the cryptocurrency, BTC/USD will perform test support area. Earlier it was obtained a weak signal for purchases of Bitcoin, due to the intersection of the signal lines at the level of 6350.

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 the 6350, which indicates the change of the upward trend in favor of the downtrend and the continued depreciation of Bitcoin. We expect growth in the falling prices of BTC/USD is a breakout of the resistance area and closing above the level of 6950.

Thus, Bitcoin forecast and Analytics of BTC/USD on 24 September 2018 involves the attempt to correct cryptocurrency and test the support level near the area of 6600, where we can expect continued growth of the Bitcoin exchange rate with a potential target near the level of 7150, a cancellation option growth will drop and the breakdown region 6350, which will indicate the resumption of the downward trend and continued falling.

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