Bitcoin BTC/USD is trading at 9802. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. Ichimoku Kinko Hyo signal line area test is near the 9650 level, from which it is expected to rebound and continue growth with the target close to 11300. An additional signal in favor of the growth of the cryptocurrency will be an uptrend line test.
Bitcoin prediction & analysis BTC/USD on December 2, 2017
Earlier, a weak signal was received for the sell of Bitcoin cryptocurrency due to the crossing of signal lines at 10250. 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 8750 area, which will indicate a change in the bullish trend in favor of a bearish trend. Expect an acceleration in the growth of quotations BTC/USD stands with a breakdown of the level of 10550.
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