Bitcoin BTC/USD is trading at 4059 and continues to move as part of growth. BTC/USD quotes are trading above the upper limit of the Ichimoku Kinko Hyo Cloud. This indicates an uptrend.
As part of the Bitcoin forecast & analysis BTC/USD January 8, 2019, the test of Ichimoku Kinko Hyo signal lines is expected near the level of 3950. Where can we expect a rebound and an attempt to continue the growth of Bitcoin cryptocurrency with a potential goal of 4550.
Bitcoin forecast & analysis BTC/USD January 8, 2019
In support of the growth of BTC/USD cryptocurrency quotes, the support area test will come out. As well as a rebound from the upper limit of the model «Triangle». Earlier, a medium strength signal was received for BUY the Bitcoin cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 3750.
Cancellation of the growth option of Bitcoin quotes will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the 3700 region. Such an option would indicate a change in the upward trend in favor of the downward trend and the continuation of the fall in the Bitcoin rate. Expect confirmation of the growth of BTC/USD quotes with the breakdown of the resistance area and closing above the 4150 area.
Bitcoin forecast & analysis BTC/USD January 8, 2019 implies an attempt to increase cryptocurrency and a test support level near the area of 3950. Where can we expect Bitcoin to continue to grow with a potential goal near the level of 4550. Cancellation of the growth option will be a fall and a breakdown of the 3700 area. This will indicate a continued decline.