Bitcoin BTC/USD is trading at 7254. 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 6850 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 lower boundary of the rising channel.
Bitcoin forecast & analysis BTC/USD on November 4, 2017
Earlier, a medium strength signal was obtained for buy of Bitcoin cryptocurrency due to intersection of signal lines at the level of 5700. 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 6400, which will indicate the change of the bullish tendency in favor of the bearish trend. Expect an acceleration in the growth of quotations BTC/USD stands with a breakdown of the local maximum level and closing above 7450.
- BITCOIN chart online
- BITCOIN forecast & analysis
- ZCASH news & technical analysis
- LITECOIN prediction for today
- RIPPLE forecast & signals
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
