Bitcoin BTC/USD is trading at 9239. The cryptocurrency is trading 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 9000 area, from which it is expected to rebound and attempt to continue growth with a target at 10400.
Bitcoin forecast & analysis BTC/USD April 28, 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 Bitcoin cryptocurrency, 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 quotations below the area of 8400, which will indicate the change of the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations BTC/USD stands with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 9700.
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