Bitcoin BTC/USD is trading at 9045. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. The test area of Ichimoku Kinko Hyo signal lines near the 8900 area is expected, from which it is expected to rebound and attempt to continue growth with the target at 10500 level.
Bitcoin forecast & analysis BTC/USD April 26, 2018
In favor of the growth of quotations of the crypto currency, a test of the lower boundary of the bullish channel will perform. Earlier, a strong signal was received for buy of the 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 8200, which will indicate the change of 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 9700.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
