Bitcoin Ichimoku cloud Analysis indicates mixed signals across different time frames in terms of BTC price prediction. On one hand, on the daily chart, the BTC/USD pair has crossed below the Ichimoku cloud and testing to break below the 61% Fibonacci retracement level of 7,362. A break below this level could open doors for further drops towards the key support level of $6,000.
On the other hand, on the monthly chart, the pair is being supported by the monthly Ichimoku cloud. we won’t know until January 2020 if this support is going to hold the pair from further drops.
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Latest Crypto News & Analysis
Editors’ Picks
Cryptocurrency News Update: Bitcoin pushes above $9,400, altcoins calm down
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XLM/USD goes wild, stops short of $0.1000
Stellar (XLM), the 13th largest digital asset, has gone wild on Thursday. The coin hit $0.0990, which is the highest level since September 2019, and dropped to $0.0920 by the time of writing.
BCH/USD bulls save strength before a move to $250.00
Bitcoin Cash (BCH) topped at $246.04 on Wednesday and retreated to $243.00 by the time ow writing. Despite some wild price gyrations, BCH has stayed mostly unchanged both on a day-to-day basis and since the beginning of Thursday.
XMR/USD surges over 3% on a daily basis
The crypto market is back in the red after a fruitful trading session on Wednesday. The larger cryptocurrencies are leading with retreat, especially for Bitcoin and Ripple.
Bitcoin Weekly Forecast: BTC volatility drops to a year low, get ready for a spiral drive
The week was tough for the cryptocurrency markets confined to tight ranges. Bitcoin has lost 1% of its value during the recent seven days with the trading range limited by $9,298 on the upside and $8,933 on the downside.