Bitcoin BTC/USD is traded at 7479. 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 near the 7050 level is expected, from which it is expected to rebound and continue growth with the target close to 8050. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as the formation of an inverted pattern «Head and Shoulders».
Bitcoin prediction & analysis BTC/USD on November 17, 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 quotations below the area of 6350, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations BTC/USD stands with a breakdown of the level of 7700.
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