Bitcoin BTC/USD is trading at 14318. 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 near the level of 13850 is expected, from which it is expected to rebound and continue growth with the target near 16450. An additional signal in favor of the growth of the cryptocurrency will be a test of the support line.
Bitcoin forecast & analysis BTC/USD on December 8, 2017
Earlier, a strong signal was received for the buy of Bitcoin cryptocurrency due to the crossing of signal lines at 10250. The abolition of the Bitcoin quotation growth scenario will be the breakdown of the Ichimoku Kinko Hyo Cloud’s lower boundary with the closing of quotations below the 11200 area, which will indicate a bullish in favor of a bearish. Expect an acceleration in the growth of quotations BTC/USD stands with a breakdown of the level of 15000.