Bitcoin BTC/USD is trading at 10910. The cryptocurrency is trading 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 10400 level is expected, from which we should expect a rebound and an attempt to continue growth with the target at 11950. An additional signal in favor of the growth of the crypto currency will be the test of the lower border of the channel.
Bitcoin forecast & analysis BTC/USD on February 20, 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 Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 8950, 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 11250.
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