Bitcoin BTC/USD is trading at 9334. The cryptocurrency is traded 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 8800 is expected, from which one should expect a rebound and an attempt to continue growth with a target at 10,000.
Bitcoin forecast & analysis BTC/USD April 25, 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 quotes growth will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 7800, 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 resistance area and the closing above the level of 9500.
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