Bitcoin BTC/USD is trading at 9160. The 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 near the level of 8800 is expected, from which we should expect a rebound and an attempt to continue growth with the target at 10500. An additional signal in favor of the growth of the cryptocurrency will be the upper bound of the «Triangle» model.
Bitcoin forecast & analysis BTC/USD on February 15, 2018
Earlier, a strong signal was received for buy of Bitcoin cryptocurrency, due to the intersection of signal lines at 8325 level. The cancellation of the variant of Bitcoin quotations growth will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the 7400 area, which will indicate the change of 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 9500.
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