Bitcoin BTC/USD is trading at 6882. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend in Bitcoin. Ichimoku Kinko Hyo Cloud near the 6700 level is expected to test near the level of 6700, from which it is expected to rebound and continue growing with the target close to 7200. Earlier we received a weak signal for sell of Bitcoin cryptocurrency due to crossing of signal lines at the level of 7350.
Bitcoin forecast & analysis BTC/USD on November 11, 2017
The abolition of the variant of Bitcoin quotations growth will be a breakdown the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes below the area of 6500, which indicates the change of the flat trend in favor of a bearish trend. Expect to accelerate the growth of quotations BTC/USD stands with the breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo and the closing above 7550, which indicates the continued growth of the cryptocurrency.
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