Bitcoin BTC/USD is completing the trading week near the area of 6891. Cryptocurrency is trading above the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. Ichimoku Kinko Hyo signal line area test near the 6300 level is expected, from which it is expected to attempt a rebound and continue the development of the bullish trend with a target above the level of 8250.
Bitcoin weekly forecast on November 13 — 17, 2017
An additional signal in favor of the growth of the cryptocurrency will be the test of the support area. Earlier, a medium strength signal was received to buy Bitcoin cryptocurrency due to the crossing of signal lines at 3950. Canceling of the variant for Bitcoin quotations growth will be a breakdown of the lower boundary level indicator Cloud and the closing are below 4700, which will indicate a bullish trend in favor of a bearish trend. To expect the acceleration of the growth of quotations is with the breakdown of the level of 7500.
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