Bitcoin BTC/USD is traded at 8798. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. Ichimoku Kinko Hyo Cloud is expected to be tested near the area of 8600, from which we should expect a rebound and an attempt to continue growth with the target at 10000.
Bitcoin forecast & analysis BTC/USD April 27, 2018
In favor of the growth of quotations of cryptocurrency, the test of the lower border of the uplink will perform, as well as a test of the support level. Earlier, we received a weak signal for sell of the Bitcoin, due to the crossing of signal lines at the level of 9050.
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.
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