Bitcoin BTC/USD is trading at 8948. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, indicating a flat trend over Bitcoin. Ichimoku Kinko Hyo Cloud cloud test is expected near the area of 8800, from which we should expect a rebound and an attempt to continue growth with the target at 10,200.
Bitcoin forecast & analysis BTC/USD May 2, 2018
In favor of growth of quotations of cryptocurrency, a test of the support area will perform. Earlier, we received a weak signal for sell of Bitcoin, due to the crossing of signal lines at the level of 9150.
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 8650, which will indicate a change in the flat trend in favor of a bearish trend. Expect to accelerate the growth of quotations BTC/USD stands with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 9500.
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