Bitcoin BTC/USD is trading at 5628. 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 expected near the level of 5500, from which it is expected to attempt a rebound and continue growth with the target above the level of 6100.
Bitcoin prediction & analysis BTC/USD on October 17, 2017
An additional signal in favor of the growth of the cryptocurrency will be a test of the support area. Earlier, a strong signal was received 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 quotations below the area of 5000, which will indicate a change in the bullish trend in favor of a bearish trend. Expect an acceleration in the growth of quotations BTC/USD stands with a breakdown of the level of 5850.
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