Bitcoin BTC/USD is trading at 11330. The cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish 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.
Bitcoin forecast & analysis BTC/USD on January 30, 2018
Earlier we received a weak signal 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 10700, which will indicate a change in 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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