Bitcoin prediction & analysis BTC/USD on October 12, 2017


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Bitcoin BTC/USD is trading at 4797. 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 4550 level, from which it is expected to attempt a rebound and continue growth with a target higher than the level of 5100. An additional signal in favor of the growth of the cryptocurrency is the test of the support area, as well as the test of the lower boundary of the bullish channel.

Bitcoin prediction & analysis BTC/USD on October 12, 2017

Bitcoin prediction & analysis BTC/USD on October 12, 2017

Earlier, a strong signal was received for buy of Bitcoin cryptocurrency due to the crossing of signal lines at the level of 4260. The cancellation of the Bitcoin quotation growth scenario will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotations below the 4400 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 stands with a breakdown of the level of 4850.

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