Bitcoin BTC/USD is traded at the level of 12500. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend over Bitcoin. The test of the lower bound of the Triangle model near the level of 13000 is expected and the fall to the area of the upper boundary of the Cloud at the level of 11800, from which one should expect an attempt to continue growth.
Bitcoin forecast & analysis BTC/USD on January 21, 2018
In favor of the growth of the cryptocurrency is the formation of the reversal model, the inverted «Head and Shoulders». Earlier, a weak signal was received for buy of Bitcoin cryptocurrency, due to the crossing of signal lines at level 11200. 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 10400 area, which will indicate a change in the flat trend in favor of the bearish trend.
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