Bitcoin BTC/USD is trading at 5183. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. Ichimoku Kinko Hyo signal line area test is near the level of 4980, from which it is expected to attempt a rebound and continue growth with the target above the level of 5650. An additional signal in favor of the growth of the cryptocurrency will be the test of the support area.
Bitcoin prediction & analysis BTC/USD on October 13, 2017
Earlier, a strong signal was received for buy of Bitcoin cryptocurrency due to the crossing of signal lines at the level of 4260. The cancellation of the Bitcoin quotation growth scenario will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotations below the 4400 area, which will indicate a change in the bullish trend in favor of the bearish trend. Expect an acceleration in the growth of quotations BTC/USD stands with a breakdown of the level of 5350.