Bitcoin BTC/USD is trading at 4103 and continues to move as part of strong growth. BTC/USD quotes move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates an uptrend. As part of the Bitcoin Forecast and Analysis BTC/USD February 25, 2019. A test of the Ichimoku Kinko Hyo signal lines is expected near the level of 4050. Where should we expect a rebound and an attempt to continue the growth of Bitcoin cryptocurrency with a potential target of 4500.
Bitcoin Forecast and Analysis BTC/USD February 25, 2019
The test of the support area will be in favor of the growth of BTC/USD cryptocurrency quotes. As well as a rebound from the lower boundary of the bullish channel. Earlier, a strong signal was received for BUY the Bitcoin cryptocurrency. The signal was formed due to the intersection of the signal lines at the level of 3625. The nearest resistance area is located at the level of 4250. The area of support for Bitcoin is at the level of 4000.
Cancellation of the growth option of Bitcoin quotes will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with quotes closing below 3760. This option will indicate a change in the bullish trend in favor of the bearish trend and the continuation of the fall in the Bitcoin rate. Expect acceleration of growth of BTC/USD quotes with the breakdown of the resistance area and closing above the 4250 area.
Bitcoin Forecast and Analysis BTC/USD February 25, 2019 imply an attempt to reduce cryptocurrency and a test support level near 4050. Where can we expect Bitcoin to continue to grow with a potential target near the level of 4500. Cancellation of the rise option will be a fall and a sample of 3760. This will indicate continued decline with a potential target below 3450.