Bitcoin BTC/USD is trading at 14062. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 13900 level, from which one should expect a rebound and an attempt to continue growth with the target near 15900. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level.
Bitcoin forecast & analysis BTC/USD on January 9, 2018
Earlier, a weak signal was received for the sell of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 15200. 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 13300, which will indicate the change of the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations BTC/USD is with a breakdown of the resistance level and closing above 15050.