Bitcoin BTC/USD is trading at 8243. 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 near the level 8100 is expected, from which it is expected to rebound and continue growth with the target near 8950. An additional signal in favor of the growth of the cryptocurrency will be the test of the lower border of the bullish channel.
Bitcoin prediction & analysis BTC/USD on November 25, 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 the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 7350, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations BTC/USD stands with the breakdown of the upper border of the channel and the closing above the level of 8650.
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