Bitcoin BTC/USD is trading at 15380. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 14200, from which one should expect a rebound and an attempt to continue growth with the target close to 18700.
Bitcoin forecast & analysis BTC/USD on December 11, 2017
An additional signal in favor of the growth of the cryptocurrency will be the test of the uptrend line. Earlier, a weak signal was received for the sell of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 14800. 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 12700, which will indicate a bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations BTC/USD stands with a breakdown of the level of 16300.
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