Bitcoin BTC/USD is trading at 16554. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. The test area of the Ichimoku Kinko Hyo signal lines near the level of 15500 is expected, from which we should expect a rebound and an attempt to continue growth with the target near 19200. Earlier, a strong signal was received for buy of Bitcoin cryptocurrency due to the crossing of signal lines at the level of 15200.
Bitcoin forecast & analysis BTC/USD on December 15, 2017
An additional signal in favor of the growth of the cryptocurrency will test the ascending trendline. 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 quotations below the area of 14000, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations BTC/USD stands with a breakdown of the level of 17500.
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