Bitcoin BTC/USD is traded at the level of 3275. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. BTC/USD is expected to fall to the upper Ichimoku Kinko Hyo Cloud area near the level of 3050, 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 3700 level.
Bitcoin forecast & analysis BTC/USD on August 10, 2017
Earlier, a strong signal was received for Bitcoin cryptocurrency buying, for the crossing of the signal lines at the level of 2767. 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 2885, 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 3450.
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