Analysis for 2020-06-20
Bitcoin (BTC) forecast June 27, 2024 In favor of the growth of the BTC/USD cryptocurrency quotes, a test of the support area will come out. Earlier, a medium strength signal was obtained for buy of Bitcoin cryptocurrency, due to the crossing of the signal lines at the level of 6550. Bitcoin BTC/USD is trading at 6856. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. Ichimoku Kinko Hyo Cloud is expected to test near the area of 6200, from which we should expect a rebound and an attempt to continue growth with the target at 7400 level.