Bitcoin BTC/USD is traded at the level of 8782. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Bitcoin. The test area of Ichimoku Kinko Hyo signal lines near the area of 8250 is expected, from which it is expected to rebound and attempt to continue growth with the target at 9700 level.
Bitcoin forecast & analysis BTC/USD April 22, 2018
In favor of the growth of quotations, the cryptocurrency will perform a support level, as well as a test of the lower boundary of the bullish channel. 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 area of 7500, 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 9100.
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