Bitcoin BTC/USD is trading at 13697. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend in Bitcoin. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 14600, from which one should expect a rebound and an attempt to continue the fall with the target close to 10700. In favor of the fall of the cryptocurrency is the formation of the «Head and Shoulders» reversal model.
Bitcoin forecast & analysis BTC/USD on December 30, 2017
Earlier, a medium strength signal was obtained for the sell of Bitcoin cryptocurrency, due to the crossing of signal lines at 13750 level. Canceling the variant of Bitcoin quotations drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 15900, which indicates the change of the flat trend in favor of the bullish trend. Expect the acceleration of the fall in quotations BTC/USD stands with the breakdown of the lower boundary of the Cloud indicator and closing below 12700.
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