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Bitcoin prediction & analysis BTC/USD on October 2, 2017

Bitcoin prediction & analysis BTC/USD on October 2, 2017


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Bitcoin BTC/USD is trading at 4192. Cryptocurrency currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. Ichimoku Kinko Hyo indicator area signal lines are expected near the 4090 level, from which it is expected to attempt a rebound and continue growth with the target close to 4650.

Bitcoin prediction & analysis BTC/USD on October 2, 2017

An additional signal in favor of continuing growth is the support level test. Earlier, a medium strength signal was obtained for the buy Bitcoin cryptocurrency due to the intersection 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 quotes below the area of ​​3850, which will indicate an bullish trend in favor of a bearish . Expect to accelerate the growth of quotations BTC/USD stands with a breakdown of the level of 4300.

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