Bitcoin BTC/USD is trading at 10232. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. Ichimoku Kinko Hyo signal line area test is near the 9800 level, from which it is expected to rebound and continue growth with the target near 12350. An additional signal in favor of the growth of the cryptocurrency will be the test of the lower border of the bullish channel.
Bitcoin prediction & analysis BTC/USD on December 1, 2017
Earlier, we received a weak signal for buy of Bitcoin cryptocurrency due to crossing of signal lines at the level of 6350. The abolition of the variant of Bitcoin quotations growth will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the 8700 area, which will indicate a change in 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 level of 10850.
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