Bitcoin BTC/USD is trading at 11352. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. Ichimoku Kinko Hyo signal line area test is near the level of 10850, from which it is expected to rebound and continue growth with the target close to 12700. Earlier, a strong signal was received for buy of Bitcoin cryptocurrency due to crossing of signal lines at 10250.
Bitcoin forecast & analysis BTC/USD on December 5, 2017
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 9550, 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 12050.
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