Bitcoin BTC/USD is trading at 4292. The currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. Ichimoku Kinko Hyo indicator line signal area test is near the 4200 level, from which it is expected to attempt a rebound and continue growth with the target close to 4590. An additional signal in favor of continuing growth will be a support level test, as well as a test of the lower boundary of the uplink.
Bitcoin prediction & analysis BTC/USD on October 4, 2017
Earlier, a medium strength signal was obtained for the buy of Bitcoin cryptocurrency, by crossing the signal lines at the level of 3750. The cancellation of the variant of Bitcoin quotations growth will be the breakdown of the Ichimoku Kinko Hyo lower cloud boundary with the closing of quotes below the 4050 area, 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 4500.
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