Bitcoin BTC/USD is trading at 15415. The cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. Ichimoku Kinko Hyo signal line area test near the level of 14800 is expected, from which it is expected to rebound and attempt to continue growth with the target near 17100.
Bitcoin forecast & analysis BTC/USD on January 6, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower border of the channel. Earlier, a weak signal was received for buy of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 13050. 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 13200, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations BTC/USD is with a breakdown of the resistance level and closing above 16200.