Bitcoin BTC/USD is trading at 4572. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. Ichimoku Kinko Hyo signal line area test is near the 4500 level, from which it is expected to attempt a rebound and continue growth with a target above the level of 4950. An additional signal in favor of continuing the growth of the cryptocurrency will be a test of the support level.
Bitcoin prediction & analysis BTC/USD on October 10, 2017
Earlier there was a strong signal for buy of Bitcoin cryptocurrency due to the crossing of signal lines at the level of 4260. 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 4100 area, which will indicate an bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations BTC/USD stands with a breakdown of the level of 4700.
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