Bitcoin BTC/USD is trading at 8455. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. Ichimoku Kinko Hyo Cloud is expected to be tested near area 8400, from which we should expect a rebound and an attempt to continue growth with the target at 9600 level.
Bitcoin forecast & analysis BTC/USD on March 26, 2018
In support of the growth of the cryptocurrency quotations, a test of the support area will perform, as well as a test of the upper boundary of the bearish channel. Earlier, a weak signal was received for the sell of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 8500.
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 area of 7900, 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 resistance area and the closing above the level of 9200.