Bitcoin BTC/USD is completing the trading week near the area of 12973. Cryptocurrency is traded above the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. The Ichimoku Kinko Hyo Cloud upper limit test is expected near 11500, from which it is expected to attempt a rebound and continue the development of the bullish trend with a target above the level of 19000.
Bitcoin (BTC/USD) weekly forecast December 25 — 29, 2017
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the bullish channel. Earlier, a medium strength signal was obtained for the buy of Bitcoin cryptocurrency due to the crossing of signal lines at 3950. The abolition of the variant of Bitcoin quotations will be a breakdown of the level of the lower boundary. The indicator clouds and the closing below 8000, which indicates a bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations is with the breakdown of the level of 16500.
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