Bitcoin BTC/USD is traded at the level of 7029. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. The test area of Ichimoku Kinko Hyo signal lines near the level of 6725 is expected, from which it is expected to rebound and continue growth with the target close to 7700. An additional signal in favor of the growth of the cryptocurrency will be a test of the region of the broken channel of the bullish channel.
Bitcoin forecast & analysis BTC/USD on November 3, 2017
Earlier, a medium strength signal was obtained for the buy of Bitcoin cryptocurrency, by crossing the signal lines at the level of 5700. The cancellation of the variant of Bitcoin quotations growth will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotes below the area of 6100, which will indicate a change in the bullish trend in favor of a bearish trend. Expect an acceleration in the growth of quotations BTC/USD stands with a breakdown of the local maximum level and closing above 7500.
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