Bitcoin BTC/USD is completing the trading week near the area of 18628. Cryptocurrency is trading above the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. The test area of Ichimoku Kinko Hyo signal lines near 17500 is expected, from which it is expected to attempt a rebound and continue the development of the bullish trend with a target above the level of 21700. An additional signal in favor of the growth of the cryptocurrency will be a test of the support level.
Bitcoin (BTC/USD) weekly forecast December 18 — 22, 2017
Earlier, a medium strength signal was obtained for the purchase of Bitcoin cryptocurrency due to the crossing of signal lines at 3950. The abolition of the variant of Bitcoin quotations growth will be the breakdown of the lower boundary level. The indicator Clouds and the closing below 12500, which indicates the change of the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations is with the breakdown of the level of 20000.
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