Bitcoin BTC/USD is trading at 15030. Cryptocurrency is trading 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 level of 14100 is expected, from which it is expected to rebound and continue growth with the target near 18500.
Bitcoin forecast & analysis BTC/USD on December 9, 2017
An additional signal in favor of the growth of the cryptocurrency will be the test of the lower boundary of the rising channel. Earlier, a strong signal was received for the buy of Bitcoin cryptocurrency due to the crossing of signal lines at 10250. The abolition of the Bitcoin quotation growth scenario will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotes below the 11500 area, which will indicate a bullish in favor of a bearish trend. Expect the acceleration of the growth of quotations BTC/USD stands with a breakdown of the level of 17500.
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