Bitcoin BTC/USD is trading at 15437. 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 level of 14500 is expected, from which it is expected to rebound and continue growing with the target near 19700. An additional signal in favor of the growth of the cryptocurrency will be the test of the lower boundary of the bullish channel.
Bitcoin forecast & analysis BTC/USD on December 10, 2017
Earlier, a strong signal was received for the buy of Bitcoin cryptocurrency due to the crossing of signal lines at 10250. The abolition of the Bitcoin quotation growth scenario will be the breakdown of the Ichimoku Kinko Hyo lower cloud boundary with the closing of quotations below the area of 12,500, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations BTC/USD stands with a breakdown of the level of 16800.
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