Bitcoin BTC/USD is traded at 7194. 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 test near the level of 6950, from which it is expected to rebound and continue growing with the target close to 7800. Earlier we received a weak signal for sell of Bitcoin cryptocurrency due to the crossing of signal lines at the level of 7250.
Bitcoin forecast & analysis BTC/USD on November 8, 2017
The cancellation of the variant of Bitcoin quotations growth will be a breakdown the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 6600, which indicates the shift of the bullish trend in favor of a bearish trend. Expect an acceleration in the growth of quotations BTC/USD stands with a breakdown of the local maximum level and a close above 7750.
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