Bitcoin BTC/USD is trading at 11,306. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend for Bitcoin. Ichimoku Kinko Hyo signal line area test is expected, from which we expect a rebound and an attempt to continue growth with the target at the level of 12350. Earlier we received a weak signal for buy of Bitcoin cryptocurrency due to the crossing of signal lines at the level of 9800.
Bitcoin forecast & analysis BTC/USD on March 4, 2018
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 quotations below the area of 10000, which will indicate a change in the bullish trend in favor of a 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 11800.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
