Bitcoin BTC/USD is trading at 4290 and continues to move as part of growth. Quotes BTC/USD is trading inside the Ichimoku Kinko Hyo Cloud. This indicates the presence of a lateral trend.
As part of the Bitcoin prediction & analysis BTC/USD December 3, 2018, a test of the Ichimoku Kinko Hyo signal lines is expected to be near 4000. Where should we expect a rebound and an attempt to continue to grow Bitcoin cryptocurrency with a potential target of 5000.
Bitcoin prediction & analysis BTC/USD December 3, 2018
The test of the support area will be in favor of the growth of BTC/USD cryptocurrency quotes. As well as a rebound from the upper limit of the model «Triangle». Earlier, a weak signal was received for BUY the Bitcoin cryptocurrency. The signal was formed due to the intersection of signal lines at the level of 3850.
Cancellation of the growth option of Bitcoin quotes will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with quotes closing below 3600. This option will indicate a change in the side 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 upper boundary of the indicator cloud and closing above the level of 4650.
Bitcoin prediction & analysis BTC/USD December 3, 2018 involves an attempt to correct cryptocurrency and test support level near 4000. Where can we expect Bitcoin to continue to grow with a potential target near 5000. Cancellation of the growth option will be a breakdown of the area 3600. This will indicate a continued decline.