Bitcoin BTC/USD is trading at 8287. 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 8100 level, from which it is expected to rebound and continue growth with the target near 8850. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level.
Bitcoin prediction & analysis BTC/USD on November 23, 2017
Earlier, a weak signal was received for the buy of Bitcoin cryptocurrency due to the 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 6800 area, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations BTC/USD stands with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 8250.
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