Bitcoin BTC/USD is trading at 4454. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. Ichimoku Kinko Hyo indicator line signal area test is near the level of 4350, from which it is expected to attempt a rebound and continue growth with the target near 4890. An additional signal in favor of continuing growth will be a test of the support level.
Bitcoin prediction & analysis BTC/USD on October 3, 2017
Earlier, a medium strength signal was obtained for the buy Bitcoin cryptocurrency, due to the crossing of signal lines at 3750. The cancellation of the Bitcoin quotation growth scenario will be the breakdown of the Ichimoku Kinko Hyo Cloud’s lower boundary with the closing of quotations below the area of 4010, which will indicate an bullish trend in favor of a bearish trend. Expect an acceleration in the growth of quotations BTC/USD stands with a breakdown level 4600.
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