Bitcoin BTC/USD is trading at 4151. The currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a change in the trend for bullish on Bitcoin. A test of the broken border of the indicator near the area 4100 is expected, from which it is expected to attempt a rebound and continue growth with the target near 4650.
Bitcoin forecast & analysis BTC/USD on August 25, 2017
Earlier, a medium strength signal was obtained for buying of Bitcoin cryptocurrency, by crossing the signal lines at 3850. The abolition of the Bitcoin quotation growth scenario would be a breakdown the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 4000, which will indicate a change in the bullish trend in favor of a bearish trend. Expect an acceleration in the growth of quotations BTC/USD stands with the breakdown of the upper boundary of the bearish channel and the closing above the level of 4250.
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