Bitcoin BTC/USD is trading at the level of 2718.61. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. BTC/USD is expected to drop to the level of 2660.00, from which it is expected to try to grow and further develop the bullish trend for BTC/USD with a target to rising near the level of 3120.00.
Bitcoin forecast & analysis BTC/USD on August 1, 2017
Earlier, a medium strength signal was received for the sale of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 2592.00. 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 quotations below the area of 2530.00, 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 3070.00.
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