Bitcoin BTC/USD is traded at the level of 7813. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Bitcoin. The test area of Ichimoku Kinko Hyo signal lines near the level of 7500 is expected, from which it is expected to rebound and continue growing with the target close to 8600.
Bitcoin prediction & analysis BTC/USD on November 18, 2017
Earlier, a weak signal was received for buy of Bitcoin cryptocurrency due to crossing of signal lines at the level of 6350. The abolition of the variant of Bitcoin quotations growth will be a breakdown the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 6450, which indicates the change of the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations BTC/USD stands with a breakdown of the level of 7900.
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Large amount of bots found on The Blockchain analysts say they found out its from China which they say are causing Bitcoin to skyrocket. They’re exstreamly worries that the Chinese are trying to inflate the price then start a huge sell off causing many people to lose large amounts of money while they sell high making a huge profit. They’re telling everyone to be extra careful and to not buy or use money that you can’t afford to lose all of your money.