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Bitcoin prediction & analysis BTC/USD on October 25, 2017

Bitcoin prediction & analysis BTC/USD on October 25, 2017


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Bitcoin BTC/USD is traded at the level of 5714. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in Bitcoin. Ichimoku Kinko Hyo is expected to test the upper limit near the level of 5700, from which it is expected to attempt a rebound and continue to grow above the level of 6550.

Bitcoin prediction & analysis BTC/USD on October 25, 2017

Earlier, we received a weak signal for sell of Bitcoin cryptocurrency, by crossing the signal lines at the level of 5900. By canceling the growth of Bitcoin the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of ​​5400, which indicates a change in the bullish trend in favor of a bearish trend. Expect an acceleration in the growth of quotations BTC/USD stands with a breakdown of the level of 6220.

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