Bitcoin BTC/USD is trading at 7146. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. Ichimoku Kinko Hyo Cloud is expected near the level of 6950, from which it is expected to rebound and continue growth with the target near 7800. An additional signal in favor of the growth of the crypto currency will be a test of the support level.
Bitcoin prediction & analysis BTC/USD on November 16, 2017
Earlier, a weak signal was received for the 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 area of 6200, which will indicate the change of the bullish tendency in favor of the bearish trend. Expect to accelerate the growth of quotations BTC/USD stands with a breakdown of the level of 7500.
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