Bitcoin BTC/USD is trading at 3886. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. A test of the upper limit of the Cloud of the indicator near the 3800 level is expected, from which it is expected to attempt a rebound and continue growth with the target close to 4650. An additional signal in favor of the growth of the cryptocurrency is the formation of the «Head and Shoulders» reversal model.
Bitcoin forecast & analysis BTC/USD on September 22, 2017
Earlier, a weak signal was received for the purchase of Bitcoin cryptocurrency due to the crossing of signal lines at the level of 3610. The cancellation 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 3500 area, 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 level 4100.