Bitcoin BTC/USD is trading at 6,154. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish bullish in Bitcoin. The test area of Ichimoku Kinko Hyo signal lines near the level of 6050 is expected, from which it is expected to rebound and continue growing with the target close to 6700. An additional signal in favor of the growth of the cryptocurrency will be a test of the support area.
Bitcoin forecast & analysis BTC/USD on November 1, 2017
Previously received signal average strength for buy of the cryptocurrency Bitcoin, due to the crossing of the signal lines at the level of 5700. Cancellation option Bitcoin growth of quotations will sample cloud base Ichimoku Kinko Hyo with closing quotations below area 5600 that indicates to replace the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations BTC/USD stands with a breakdown of the local maximum level and a close above 6250.
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