Bitcoin BTC/USD is traded at 9750. The cryptocurrency is traded above the higher boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish development in Bitcoin. The check space of Ichimoku Kinko Hyo sign traces close to the extent of 9200 is anticipated, from which we should always count on a rebound and an try to proceed development with the goal on the stage of 11100. An extra sign in favor of the expansion of the cryptocurrency would be the check assist.
Bitcoin forecast & analysis BTC/USD on February 16, 2018
Earlier, a robust sign was obtained for purchase of Bitcoin cryptocurrency, as a result of crossing of sign traces at 8325 stage. The cancellation of the variant of Bitcoin quotations development would be the breakdown of the decrease boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes under the realm of 7600, which is able to point out a change within the bullish development in favor of the bearish development. Expect the acceleration of the expansion of quotations BTC/USD stands with the breakdown of the resistance space and the closing above the extent of 10250.