Bitcoin BTC/USD is trading at 4566. Cryptocurrency trading above the upper boundary of the clouds Ichimoku Kinko Hyo, indicating a bullish trend of 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. An additional signal in favor of the growth of the cryptocurrency will come from the support area test.
Bitcoin prediction & analysis BTC/USD on August 31, 2017
Previously it received a strong signal to buy cryptocurrency Bitcoin, due to the crossing of the signal lines at the level of 4420. Cancellation option Bitcoin growth of quotations will sample cloud base Ichimoku Kinko Hyo with closing quotations below area 4090 that indicates to replace the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations BTC/USD stands with a breakdown of the level of 4600.
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