Bitcoin BTC/USD is traded at 3680. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. Expected to test the upper boundary of the Cloud of the indicator near the level of 3650, from which it is expected to attempt a rebound and continue growth with the target near 4250. 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 23, 2017
Earlier, a weak signal was received for the sale of Bitcoin cryptocurrency due to the crossing of signal lines at 3820. The cancellation of the variant of Bitcoin quotations growth will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary 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.