Bitcoin BTC/USD is trading at 8201. The cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend for Bitcoin. Ichimoku Kinko Hyo Cloud upper test is expected near the 8050 area, from which it is expected to rebound and attempt to continue growth with the target at 8950 level.
Bitcoin forecast & analysis BTC/USD April 20, 2018
In favor of the growth of quotations, the cryptocurrency will perform a support level, as well as a test of the lower bound of the «Triangle» model. Earlier, a weak signal was received for the sell of Bitcoin, due to the crossing of signal lines at the level of 850.
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 quotes below the area of 7350, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations BTC/USD stands with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 8300.
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