Bitcoin BTC/USD is trading at 11656. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. The Ichimoku Kinko Hyo signal line area test is expected near the 11150 level, from which it is expected to rebound and continue growing with the target close to 12800.
Bitcoin forecast & analysis BTC/USD on December 4, 2017
Earlier, a strong signal was received for buy of the Bitcoin cryptocurrency due to the crossing of signal lines at 10250. An additional signal in favor of the growth of the cryptocurrency will be test the level of support. 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 9500, 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 a breakdown of the level of 12050.
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