Bitcoin BTC/USD is trading at 11422. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend for Bitcoin. The test area of Ichimoku Kinko Hyo signal lines near the level of 10800 is expected, from which we should expect a rebound and an attempt to continue growth with the target at the level of 12,500. An additional signal in favor of the growth of the cryptocurrency will be the test of the lower boundary of the bullish channel.
Bitcoin forecast & analysis BTC/USD on February 21, 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 9100, 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 11750.
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