Bitcoin forecast and analyst BTC / USD as of October 17, 2017

The Bitcoin BTC / USD is trading at 5628. The currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend in Bitcoin. Ichimoku Kinko Hyo signal line area test is expected near the level of 5500, from which it is expected to attempt a rebound and continue growth with the aim above the level of 6100. An additional signal in favor of the growth of the crypto currency will be a test of the support area.

Earlier, a strong signal was received for purchases of Bitcoin's crypto currency due to the intersection of signal lines at the level of 4260. The abolition of the variant of Bitcoin quotations growth will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 5000, which will indicate a change in the upward trend in favor of a downward trend. Expect an acceleration in the growth of quotations BTC / USD stands with a breakdown of the level of 5850.

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