Bitcoin BTC/USD is trading at 14078. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. Ichimoku Kinko Hyo Cloud is expected to test near the 13900 level, from which it is expected to rebound and attempt to continue the fall with the target near 16500.
Bitcoin forecast & analysis BTC/USD on January 5, 2018
Earlier, a weak signal was received for the buy of Bitcoin cryptocurrency due to the crossing of signal lines at 13050 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 quotes below the area of 12700, which will indicate the change of the bullish tendency in favor of the bearish trend. Expect the acceleration of the growth of quotations BTC/USD is with a breakdown of the resistance level and closing above 15250.