Bitcoin BTC/USD is trading at 11652. 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 11500 level is expected, from which it is expected to rebound and continue growth with the target near 12900. Earlier, a strong signal was received for buy of Bitcoin cryptocurrency due to the crossing of signal lines at the level of 10250.
Bitcoin forecast & analysis BTC/USD on December 6, 2017
The abolition of the Bitcoin quotation growth scenario will be a breakdown the lower boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes below the area of 9850, which indicates the change in the 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 12050. Do not exclude the formation of the model «Wedge», in this case, with the breakdown of the lower boundary, it is expected to develop a bearish correction in the cryptocurrency.
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