Bitcoin BTC/USD completes the trading week near the area of 3660. Cryptocurrency is traded inside the Ichimoku Kinko Hyo Indicator Cloud, which indicates the presence of a flat trend for Bitcoin. A test of the lower boundary of the Cloud of the indicator near the level 3350 is expected, from which it is expected to attempt a rebound and continue growth with the target near the level of 4350. An additional signal in favor of the growth of the cryptocurrency will be the test of the lower boundary of the uplink.
Bitcoin weekly forecast on September 25 — 29, 2017
Earlier, a weak signal was received for the sale of Bitcoin cryptocurrency due to the crossing of signal lines at the level of 4270. Canceling the growth of Bitcoin there will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below area 3200, which indicates a change of the flat trend in favor of a bearish trend. Expect the acceleration of the growth of quotations BTC/USD stands with the breakdown of the level of the upper boundary of the indicator Cloud and the closing above the level of 4500.