Bitcoin BTC/USD is trading at 8487. The cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend for Bitcoin. Ichimoku Kinko Hyo Cloud is expected to test near the 8200 area, from which we should expect a rebound and an attempt to continue growth with the target at 9200 level.
Bitcoin forecast & analysis BTC/USD April 21, 2018
In favor of the growth of quotations, the cryptocurrency will perform a support level. Earlier, a strong signal was received for buy of Bitcoin, due to the crossing of signal lines at 8150 level.
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 7400 area, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations BTC/USD stands with the breakdown of the resistance area and the closing above the level of 8700.
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