Forecast and analytics – 01 October 2018
BTC/USD
BTC/USD is trading at $6,622 and continues to move within the borders of rising channel. The coin is traded above the Ichimoku Kinko Hyo Cloud, which indicates an upward trend. As we wrote before, the price went down to retest, but apparently did not find enough support from buyers there. Therefore, the retreat turned out to be very modest and the price continues to stand in the region of the resistance level of $6,560 and the lower boundary of the rising channel. This is not a very good development for bulls, but given that the ...
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