Bitcoin BTC/USD is trading at 14354. The currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. Ichimoku Kinko Hyo Cloud near the level 13800 is expected to be tested near the level of 13800, from which one should expect a rebound and an attempt to continue the fall with the target near 16050. In favor of the growth of the cryptocurrency, a test of a broken trend line will perform.
Bitcoin forecast & analysis BTC/USD on January 4, 2018
Earlier, a weak signal was received for buy of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 13050. The cancellation of the variant of Bitcoin quotations growth will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 12700, which will indicate the change of the bullish tendency in favor of the bearish trend. Expect an acceleration in the growth of quotations BTC/USD stands with a breakdown of the level of 15250.