Bitcoin BTC/USD is trading at 4166 and continues to move as part of the correction and the formation of an inverted «Head and Shoulders» model. BTC/USD quotes are trading above the upper limit of the Ichimoku Kinko Hyo Cloud. This indicates an uptrend. As part of the Bitcoin prediction & analysis BTC/USD December 24, 2018, the upper limit of the Ichimoku Kinko Hyo Cloud is expected to drop near the level of 3850. Where can we expect a rebound and an attempt to continue the growth of Bitcoin cryptocurrency with a potential target of 5000.
Bitcoin prediction & analysis BTC/USD December 24, 2018
In support of the growth of BTC/USD cryptocurrency quotes, the support area test will come out. As well as a rebound from the lower boundary of the rising channel. Earlier, a weak signal was received for BUY the Bitcoin cryptocurrency. The signal was formed due to the crossing of signal lines at the level of 3450.
Cancellation of the growth option of Bitcoin quotes will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the 3550 area. This option will indicate a change in the upward trend in favor of the bearish trend and the continuation of the fall in the Bitcoin rate. Expect to accelerate the growth of quotes BTC/USD stands with the breakdown of the resistance level and closing above the area of 4450.
Bitcoin prediction & analysis BTC/USD December 24, 2018 involves an attempt to correct cryptocurrency and test the support level near the area of 3850. Where can we expect further growth of the Bitcoin rate with a potential goal near the level of 5000. Cancellation of the growth option will be a fall and a breakdown of the 3550 area. This will indicate a continued decline.
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