Bitcoin BTC/USD is traded at the level of 7701. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. The Ichimoku Kinko Hyo signal line area test is expected near the 7450 level, from which it is expected to rebound and continue growing with the target close to 8500.
Bitcoin prediction & analysis BTC/USD on November 19, 2017
Earlier, a weak signal was received for buy of Bitcoin cryptocurrency due to crossing of the signal lines at the level of 6350. The cancellation of the Bitcoin quotation growth scenario will be a breakdown the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 6650, which indicates the shift of the bullish trend in favor of a bearish trend. Expect an acceleration in the growth of quotations BTC/USD stands with a breakdown of the level of 8100.
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