Bitcoin BTC/USD is trading at 10642. The 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 10100 level is expected, from which one should expect a rebound and an attempt to continue growth with the target at the level of 11800. An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the channel.
Bitcoin forecast & analysis BTC/USD on February 18, 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 quotations below the area of 8300, which will indicate the change of the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations BTC/USD stands with the breakdown of the resistance area and the closing above the level of 11900.
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