Bitcoin BTC/USD is trading at the level of 2837.72. Cryptocurrency continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. The Ichimoku Kinko Hyo Cloud upper boundary test is expected near the level of 2760.00, from which one should expect an attempt of growth and further development of the bullish trend for BTC/USD with a target to growth near the level of 3090.00.
Bitcoin BTC/USD prediction & analysis on August 5, 2017
Earlier, a weak signal was received for the sale of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 2741.00. 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 quotes below the area of 2550.00, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations on BTC/USD is with the breakdown of the local maximum area at 3020.00.
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