Bitcoin BTC/USD is trading at 10784. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. A test of the Ichimoku Kinko Hyo signal line area near the 10500 level is expected, from which it is expected to rebound and continue growing with the target near 12035.
Bitcoin prediction & analysis BTC/USD on November 30, 2017
An additional signal in favor of the growth of the cryptocurrency is the breakdown of the upper boundary of the rising channel, which indicates a potential acceleration of the development of the bullish trend. 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 9100 area, 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 is with the breakdown of the level of 11000.
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