Bitcoin BTC/USD is trading at the level of 2442.08. The Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 2470.00, from which one should expect an attempt to fall and further develop the bearish trend for BTC/USD with a view to lower near the level of 2220.00.
Bitcoin BTC/USD prediction & analysis on July 3, 2017
Earlier, a strong signal was received for the sale of Bitcoin cryptocurrency, due to crossing of the signal lines at the level of 2458.00. The cancellation of the variant of Bitcoin quotations drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 2560.00, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations on BTC/USD is with the breakdown of the local minimum area at 2280.00.
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