Bitcoin BTC/USD is trading at 12727. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. The test area of Ichimoku Kinko Hyo signal lines near the 12350 level is expected, from which it is expected to rebound and continue growth with the target near 14050.
Bitcoin forecast & analysis BTC/USD on December 7, 2017
Earlier, a strong signal was received for buy of Bitcoin cryptocurrency due to the crossing of signal lines at the level of 10250. The abolition of the variant of Bitcoin quotations growth will be a breakdown the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes below the area of 10100, which indicates the change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations BTC/USD stands with a breakdown of the level of 12050.