- 2018-04-08
Bitcoin (BTC/USD) is finishing its trading week near 7020.
BTC is now near the resistance level of downtrending corridor. It shows bullish move today but is still unable to break the resistance.
Additional indicator (MACD) is beginning to form a signal for buying.
So it is very likely that Bitcoin will go down to about 6600 and then try to break again.
It can take BTC 2-3 days to break the Resistance line. But if it breaks the line it can go intensely up, break the Base line and go in the direction of Ichimoku Cloud.*
MACD is already forming a signal to buy. There can be additional signals too. Those are breaking of resistance line and breaking through the Conversion line.
BTC can quickly go up to 8000 and then 8400/8500 this week.
*predictions are made on the basis of several indicators. Only 1 indicator is shown on the screenshots for the purpose of not overloading the chart with technical details and indicators’ lines.