Bitcoin BTC/USD is traded at the level of 2716. Cryptocurrency continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of an bullish trend in Bitcoin. BTC/USD is expected to fall to the level of the Cloud’s upper boundary, from which it is expected to attempt an increase and further development of the bullish trend for BTC/USD with a target to growth near the level of 3120.
Bitcoin forecast & analysis BTC/USD on August 3, 2017
Earlier, a strong signal was received for buying of Bitcoin cryptocurrency, by crossing signal lines at the level 2675. The cancellation of the variant of Bitcoin quotations growth will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 2540, which will indicate a change in the bullish trend in favor of the bearish trend. To expect the acceleration of the growth of quotations on BTC/USD stands with the breakdown of the local maximum area at the level of 2950.
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