Bitcoin BTC/USD is traded at the level of 7728. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. The Ichimoku Kinko Hyo signal line area test is expected near the 7450 level, from which it is expected to rebound and continue growing with the target close to 8350.
Bitcoin prediction & analysis BTC/USD on November 20, 2017
Earlier, a weak signal was received to buy Bitcoin cryptocurrency due to the intersection of signal lines at the level of 6350. The abolition of the Bitcoin quotation growth scenario will be a breakdown the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 6650, which indicates the shift 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 upper bound of the model «Triangle» and closing above 8050.
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