Bitcoin BTC/USD is trading at 8926. The cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend for Bitcoin. The test area of the Ichimoku Kinko Hyo signal lines near the area of 8550 is expected, from which we should expect a rebound and an attempt to continue growth with the target at the level of 9700.
Bitcoin forecast & analysis BTC/USD April 24, 2018
In support of the growth of the cryptocurrency quotations, a support level test will perform, as well as a test of the lower boundary of the 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 7600, 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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