Bitcoin BTC/USD is trading at 4258. The currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. A test of the broken border of the indicator near the 4100 area is expected, from which it is expected to attempt a rebound and continue growth with the target near the 4700 level. Earlier, a medium strength signal was obtained for buying of Bitcoin cryptocurrency, by crossing the signal lines at 3870.
Bitcoin prediction & analysis BTC/USD on August 29, 2017
The abolition of the Bitcoin quotation growth scenario would be a breakdown the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 4000, which indicates the change of the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations BTC/USD stands with the breakdown of the upper boundary of the bearish channel and the closing above the level of 4450.
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