Bitcoin BTC/USD is trading at 9289. The cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. Ichimoku Kinko Hyo Cloud upper test is expected near the area of 9250, from which one should expect a rebound and an attempt to continue growth with a target at 10500.
Bitcoin forecast & analysis BTC/USD April 30, 2018
In favor of the growth of quotations of the cryptocurrency, a test of the lower border of the uplink will be made, as well as a test of the support area. Earlier, a strong signal was received for buy of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 9150.
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 8650, 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 upper limit of the model «Triangle» and the closing above the level of 9700.
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