Bitcoin forecast and Analytics BTC/USD on October 1, 2018

Bitcoin digital gold is currently trading at 6626. BTC/USD quotes are above the Ichimoku Kinko Hyo cloud, which indicates an upward trend in Bitcoin.

The signal lines of the Ichimoku indicator give us the opposite picture. The red fast signal line crossed the blue slow from top to bottom at 6590.

Also on the Bitcoin chart you can see the Forex triangle shape. In the last third of the triangle is breached, and the price with twice the power will tend in the direction of the breakout. Judging by The bitcoin price chart, this will happen this week.

Bitcoin forecast and Analytics BTC / USD on October 1, 2018

The level of support for the Bitcoin exchange rate is the upper limit of the Ichimoku cloud-6500. The lower limit of Ichimoku is 6470. In case of breakout of the support level, the Bitcoin exchange rate will accelerate, with the target below 6300.

The resistance level is 6800.

Thus, Bitcoin’s forecast for October 1 suggests the continuation of the upward trend in BTC / USD, with a target above 6800.

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