Bitcoin BTC/USD is traded at 16459. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. Ichimoku Kinko Hyo signal line area test is near the level of 15300, from which one should expect a rebound and an attempt to continue growth with the target close to 18900.
Bitcoin forecast & analysis BTC/USD on December 12, 2017
Earlier, a weak signal was received for sell of Bitcoin cryptocurrency due to the crossing of signal lines at the level of 14,800. breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 14000, which indicates the change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations BTC/USD stands with a breakdown of the level of 17500.
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