Bitcoin BTC/USD is completing the trading week near the area of 4394. Cryptocurrency is traded above the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. Ichimoku Kinko Hyo Cloud is expected to test near the 4250 level, from which it is expected to try to grow and continue the development of the bullish trend with a target near the 5250 level. An additional signal in favor of the growth of the cryptocurrency will be a test of the support area.
Bitcoin weekly forecast on October 9 — 13, 2017
Earlier, a medium strength signal was obtained for the buy of Bitcoin cryptocurrency due to the crossing of the signal lines at 3950. The cancellation of the variant of Bitcoin quotations growth will be a breakdown of the level of the lower boundary of the Cloud and the closure below 3700, which will indicate a change in the bullish trend in favor of a bearish trend. To expect the acceleration of the growth of quotations is with the breakdown of the level of 4500.
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