Bitcoin BTC/USD is trading at 5638. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 5500 level, from which it is expected to attempt a rebound and continue growth with a target above the level of 6250. An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the bullish channel.
Bitcoin prediction & analysis BTC/USD on October 18, 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 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 area of 5050, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations BTC/USD stands with the breakdown of the upper limit of the «Triangle» model and the closing above the level of 5850.
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