Bitcoin BTC/USD is trading at the level of 2552.48. 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 2520.00, from which one should expect an attempt of growth and further development of the bullish trend for BTC/USD with a view to growth near the level of 2740.00.
Bitcoin BTC/USD prediction & analysis on July 6, 2017
Earlier, a medium strength signal was received for buying of Bitcoin cryptocurrency, due to the crossing of the signal lines at the level of 2480.00. The cancellation of the variant of Bitcoin quotations growth will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 2400.00, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations on BTC/USD is with the breakdown of the local maximum area at the level of 2690.00.
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