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Bitcoin weekly forecast on October 2 — 6, 2017

Bitcoin weekly forecast on October 2 — 6, 2017


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Bitcoin BTC/USD completes the trading week near area 4313. Cryptocurrency is traded within the Ichimoku Kinko Hyo Indicator Cloud, indicating a flat trend over Bitcoin. A test of the lower boundary 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 near the level of 5500. An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the bullish channel.

Bitcoin weekly forecast on October 2 — 6, 2017

Earlier, a medium strength signal was obtained for the buy Bitcoin cryptocurrency due to the crossing of signal lines at 3950. The cancellation of the variant of Bitcoin quotations growth will be the breakdown of the lower boundary level. The indicator clouds and the closing are below 3500, which indicates a change in the flat trend in favor of a bearish trend. Expect an acceleration in the growth of quotations and the development of the bullish trend is with the breakdown of the level of the upper boundary of the indicator Cloud and the closing above 4500.

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