Analysis for 2020-06-25
Bitcoin (BTC) BTC/USD is trading at the level of 3546. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Ichimoku Kinko Hyo Cloud near the level of 3570 is expected to test the lower boundary of the cloud, from which one should expect an attempt to drop and develop a bearish trend over Bitcoin. An additional signal in favor of Bitcoin depreciation will be a resistance level test.