Bitcoin prediction & analysis BTC/USD on October 19, 2017

Bitcoin BTC/USD is trading at 5252. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend in Bitcoin. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 5475, from which it is expected to attempt a rebound and continue falling with a target below the level of 5100. An additional signal in favor of the drop of the cryptocurrency will be a test of the lower resistance level. Earlier, a weak signal was received for the sell of Bitcoin cryptocurrency due to the crossing of signal lines at 5600.

The cancellation of the variant of Bitcoin quotations drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 5650 area, which indicates a change of the flat trend in favor of the bullish trend. Expect to accelerate the fall in quotations BTC/USD stands with the breakdown of the lower boundary of the Cloud and the closure below the level of 5000, which indicates the resumption of the bearish trend.