Bitcoin BTC/USD is trading at the level of 17000. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. Ichimoku Kinko Hyo Cloud near the level 16200 is expected to be tested near the level of 16200, from which we should expect a rebound and an attempt to continue growth with the target close to 20000.
Bitcoin forecast & analysis BTC/USD on December 21, 2017
An additional signal in favor of the growth of the cryptocurrency will be the test of the lower boundary of the bullish channel. Earlier, a weak signal was received for the sell of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 17500. The abolition of the variant of Bitcoin quotations growth will be the breakdown of the Ichimoku Kinko Hyo cloud bottom with the closing of quotes below the area of 15500, which will indicate a change in the bullish trend in favor of the bearish trend. Expect an acceleration in the growth of quotations BTC/USD stands with a breakdown of 18000 level.
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