Bitcoin BTC/USD is traded at 8511. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend for Bitcoin. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 7900 level, from which one should expect a rebound and an attempt to continue growth with a target at 10,000. An additional signal in favor of growth is the formation of the «Head and Shoulders» reversal model.
Bitcoin forecast & analysis BTC/USD on February 13, 2018
Earlier, a medium strength signal was received for the sell of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 8300. 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 quotes below the area of 7200, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations BTC/USD is with the breakdown of the resistance level and the closing above the level of 9300.
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