Bitcoin BTC/USD is trading at 4356. The currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. It is expected to test the area of signal lines of the indicator near the level 4250, from which it is expected to attempt a rebound and continue growth with the target close to 4700.
Bitcoin forecast & analysis BTC/USD on August 30, 2017
An additional signal in favor of the growth of the cryptocurrency will be a test of the support area. Earlier, a weak signal was received for the sale of the Bitcoin cryptocurrency, due to the crossing of the signal lines at the level of 4280. The cancellation of the variant of Bitcoin quotations growth will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotations below the 4000 area, which will indicate an bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations BTC/USD stands with the breakdown of the level of 4450.
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