Bitcoin BTC/USD is traded at 4602. The currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. It is expected to test the area of the signal lines of the indicator near the level of 4450, from which it is expected to attempt a rebound and continue growth with the target near 4850.
Bitcoin forecast & analysis BTC/USD on September 1, 2017
An additional signal in favor of the growth of the cryptocurrency will come from the support area test. Earlier, a strong signal was received for the buying of Bitcoin cryptocurrency, due to the crossing of signal lines at 4420. The abolition of the variant of Bitcoin quotations growth will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotes below the 4250 area, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations BTC/USD stands with a breakdown of the level of 4680.
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