Bitcoin BTC/USD is trading at 3954 and continues to move as part of growth. Quotes BTC/USD is trading inside the Ichimoku Kinko Hyo Cloud. This indicates a flat trend. As part of the Bitcoin forecast & analysis BTC/USD December 31, 2018, a test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the 3900 level. Where can we expect a rebound and an attempt to continue the growth of Bitcoin cryptocurrency with a potential target of 4800.
Bitcoin forecast & analysis BTC/USD December 31, 2018
In favor of the growth of BTC/USD cryptocurrency quotes, the support area test will come out. As well as the formation of the «Head and Shoulders» reversal pattern. Earlier, a weak signal of a moderate strength for BUY the Bitcoin cryptocurrency was received. The signal was formed due to the intersection of signal lines at the level of 3850.
Cancellation of the growth option of Bitcoin quotes will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the 3700 region. This option will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall in the Bitcoin rate. Expect acceleration of growth of BTC/USD quotes with the breakdown of the upper boundary of the indicator cloud and closing above the area of 4450.
Bitcoin forecast & analysis BTC/USD December 31, 2018 implies an attempt to increase cryptocurrency and a test of the support level near the area of 3900. Where can we expect to continue the growth rate of Bitcoin with a potential target near the level of 4800. Cancellation of growth option will fall and the breakdown of the area of 3700. This will indicate a continued decline.
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