Bitcoin BTC/USD is traded at 4118. The currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. The Ichimoku Kinko Hyo indicator signal line test is near the 3900 level, from which it is expected to try to grow and further develop the bullish trend for BTC/USD with a target near the 4500 level. An additional signal in favor of growth will be a test of the support area.
Bitcoin prediction & analysis BTC/USD on August 16, 2017
Earlier, a strong signal was received for the buying of Bitcoin cryptocurrency due to the crossing of signal lines at 3250. The abolition of the Bitcoin quotation growth scenario will be the breakdown of the Ichimoku Kinko Hyo Cloud’s lower boundary with the closing of quotations below the 3700 area, which will indicate a change in the bullish trend in favor of the bearish trend. To expect the acceleration of the growth of quotations on BTC/USD stands with the breakdown of the local maximum area at the level of 4430.
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