Bitcoin BTC/USD is trading at 11550. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend in Bitcoin. Ichimoku Kinko Hyo Cloud near the level 11250 is expected to be tested near the level of 11250, from which we should expect a rebound and an attempt to continue growth with the target at 13000. An additional signal in favor of the growth of the cryptocurrency is the breakdown of the upper limit of the «Triangle» model.
Bitcoin forecast & analysis BTC/USD on January 28, 2018
Earlier, a weak signal was received for buy of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 10850.
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 10500, which will indicate a change in the flat trend in favor of a bearish trend. Expect the acceleration of the growth of quotations BTC/USD stands with the breakdown of the upper boundary of the indicator Cloud and the closing above the level of 12000.
