Bitcoin BTC/USD is trading at 7229. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. Ichimoku Kinko Hyo Cloud near the 7200 level is expected to be tested near the 7200 level, from which it is expected to rebound and continue growing with the target close to 8150.
Bitcoin forecast & analysis BTC/USD on November 10, 2017
Earlier, a strong signal was received for buy of Bitcoin cryptocurrency due to the crossing of signal lines at 7450. The cancellation of the Bitcoin quotation growth scenario will be a breakdown the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes below the area of 6750, which indicates the change in the bullish trend in favor of a bearish trend. Expect an acceleration in the growth of quotations BTC/USD stands with a breakdown of the local maximum and closing above 7850.
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