Bitcoin BTC/USD is traded at 7295. 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 near the 6900 level is expected, from which it is expected to rebound and continue growth with the target close to 7800. Earlier, a medium strength signal was obtained for buy of Bitcoin cryptocurrency due to crossing of signal lines at the level of 5700.
Bitcoin forecast & analysis BTC/USD on November 5, 2017
The cancellation of the growth scenario of Bitcoin quotes, breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 6400, which indicates the change of the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations BTC/USD stands with a breakdown of the local maximum level and closing above 7550.
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