Bitcoin BTC/USD is traded at the level of 4260. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. Ichimoku Kinko Hyo indicator area signal lines are expected near the 4090 level, from which it is expected to attempt a rebound and continue growth with the target close to 4750.
Bitcoin prediction & analysis BTC/USD on September 29, 2017
An additional signal in favor of continuing growth is the support level test. Earlier, a medium strength signal was obtained for the buy of Bitcoin cryptocurrency due to the crossing of signal lines at 3750. The cancellation of the Bitcoin quotation growth scenario will be the breakdown of the Ichimoku Kinko Hyo Cloud lower boundary with the closing of quotes below the 3800 area, which indicates an 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 4300.