Bitcoin BTC/USD is trading at 11850. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 11350, from which one 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 will come from the upper bound of the «Triangle» model.
Bitcoin forecast & analysis BTC/USD on January 29, 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 Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 10800, which indicates the change of the bullish trend in favor of the bearish trend. Expect an acceleration in the growth of quotations BTC/USD stands with a breakdown of the level of 12500.
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