Bitcoin BTC/USD is traded at the level of 4766. 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 4650 level, from which it is expected to attempt a rebound and continue growth with a target higher than the level of 5100.
Bitcoin prediction & analysis BTC/USD on October 11, 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 growth of Bitcoin breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 4400, which indicates a change of the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations BTC/USD stands with a breakdown of the level of 4850.
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