Bitcoin BTC/USD is trading at 16823. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. Ichimoku Kinko Hyo signal line area test is near the 16300 level, from which one should expect a rebound and an attempt to continue growth with the target close to 19100.
Bitcoin forecast & analysis BTC/USD on December 14, 2017
Earlier, a strong signal was received to buy Bitcoin cryptocurrency, by crossing the signal lines at 15200. breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 14000, which indicates the change in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations BTC/USD stands with a breakdown of the level of 17500.
Do not exclude the formation of the «Bullish Triangle» model at small time intervals. With the breakdown of the upper limit of the model, it is expected to continue the growth of the cryptocurrency.
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