Bitcoin BTC/USD is trading at 16235. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend in Bitcoin. A support level test is expected near the 16000 area, from which one should expect a rebound and an attempt to continue growth with the target near 19650. An additional signal in favor of the growth of the cryptocurrency will be a test of the lower border of the bullish channel.
Bitcoin forecast & analysis BTC/USD on December 22, 2017
Earlier, a weak signal was received for the sell of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 17500. The cancellation of the variant of Bitcoin quotations growth will be the breakdown of the lower border of the channel with the closing of quotes below the area of 15400, which will indicate the continued fall in the quotes of the cryptocurrency. Expect to accelerate the growth of quotations BTC/USD stands with the breakdown of the upper bound of the Cloud of the indicator and the close above the level of 18350, which will indicate the resumption of the bullish trend for Bitcoin.
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