Bitcoin BTC/USD is trading at 4236. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. The Ichimoku Kinko Hyo indicator cloud is expected near the 4220 level, from which it is expected to attempt a rebound and continue growth with the target close to 4650. An additional signal in favor of continued growth is the support level test.
Bitcoin forecast & analysis BTC/USD on October 6, 2017
Earlier there was a weak signal for sell of Bitcoin cryptocurrency due to the crossing of signal lines at the level of 4250. The cancellation of the variant of Bitcoin quotations growth will be the breakdown of the lower boundary of Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 4050, which will indicate the change of the bullish tendency in favor of the bearish trend. Expect to accelerate the growth of quotations BTC/USD stands with a breakdown of the level of 4350.
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