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Bitcoin prediction & analysis BTC/USD on October 5, 2017

Bitcoin prediction & analysis BTC/USD on October 5, 2017

 


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Bitcoin BTC/USD is trading at 4218. Cryptocurrency is trading above the upper Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in Bitcoin. Ichimoku Kinko Hyo is expected to test the upper limit of the indicator lines near the 4200 level, from which it is expected to attempt a rebound and continue growth with the target near 4650. An additional signal in favor of continuing growth will be a test of the support level.

Bitcoin prediction & analysis BTC/USD on October 5, 2017

Earlier, there was a weak signal strength for sell of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 4250. The cancellation of the variant of Bitcoin quotations growth will be the breakdown of the Ichimoku Kinko Hyo cloud bottom with the closing of quotations below the 4000 area, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations BTC/USD stands with a breakdown of the level of 4350.

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