Bitcoin forecast & analysis BTC/USD on October 9, 2017


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Bitcoin BTC/USD is trading at 4602. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. Ichimoku Kinko Hyo signal line area test is near the 4450 level, from which it is expected to attempt a rebound and continue growth with the goal above the level of 4950.

Bitcoin forecast & analysis BTC/USD on October 9, 2017

Bitcoin forecast & analysis BTC/USD on October 9, 2017

An additional signal in favor of continuing growth will be a test of the support level. Earlier there was a weak strong signal for buy of Bitcoin cryptocurrency due to the crossing of signal lines at the level of 4260. The cancellation of the variant of Bitcoin quotations growth will be the breakdown of the Ichimoku Kinko Hyo Cloud’s lower boundary with the closing of quotes below the 4100 area, which will indicate an bullish in favor of a bearish trend. Expect to accelerate the growth of quotations BTC/USD stands with a breakdown of the level of 4700.

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