Bitcoin BTC/USD is traded at 7466. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend in Bitcoin. Ichimoku Kinko Hyo signal line area near the 7250 level is expected, from which it is expected to rebound and continue growing with the target near 8250. Earlier, a weak signal was received for sell of the Bitcoin cryptocurrency due to intersection of signal lines at 7250 level.
Bitcoin forecast & analysis BTC/USD on November 9, 2017
The abolition of the variant of Bitcoin quotations growth will be a breakdown the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes below the area of 6700, which indicates the change in the upward trend in favor of a downward trend. Expect an acceleration in the growth of quotations BTC/USD stands with a breakdown of the local maximum level and a close above 7750.
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