Bitcoin BTC/USD is trading at the level of 10007. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend for Bitcoin. Ichimoku Kinko Hyo signal line area test is near the 9200 level, from which we expect a rebound and an attempt to continue growth with the target at 11500. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as a test of the lower boundary of the channel.
Bitcoin forecast & analysis BTC/USD on February 17, 2018
Earlier, a strong signal was received for buy of Bitcoin cryptocurrency, due to the crossing 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 Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 7600, 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 stands with the breakdown of the resistance area and the closing above the level of 10250.
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