Bitcoin BTC/USD is trading at 7673. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend for Bitcoin. The test area of Ichimoku Kinko Hyo signal lines near area 7250 is expected, from which it is expected to rebound and attempt to continue growth with the target at 8400 level.
Bitcoin forecast & analysis BTC/USD April 13, 2018
In favor of the growth of quotations, the cryptocurrency will perform a support level. Earlier, a medium strength signal was obtained for the buy of Bitcoin cryptocurrency, due to the crossing of signal lines at 6900 level.
The cancellation of the variant of Bitcoin quotations growth will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the 6700 area, which will indicate the change of the bullish tendency in favor of the bearish trend. Expect the acceleration of the growth of quotations BTC/USD stands with the breakdown of the resistance area and the closing above the level of 8100.