Bitcoin BTC/USD is trading at 5660. Cryptocurrency trading above the upper boundary of the clouds Ichimoku Kinko Hyo, indicating a bullish trend of Bitcoin. It is expected to test the upper boundary of the clouds Ichimoku Kinko Hyo near the level of 5520, where we can expect a rebound attempt and continued growth for the target at the level 6350. An additional signal in favor cryptocurrency growth is the formation model «Head and Shoulders».
Bitcoin prediction & analysis BTC/USD on October 21, 2017
Previously received average strength signal for buy cryptocurrency Bitcoin, due to the crossing of the signal lines at the level of 5470. Cancellation option Bitcoin growth of quotations will sample cloud base Ichimoku Kinko Hyo with closing quotations below area 5200 that indicates to replace 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 5880.
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