Bitcoin BTC/USD is traded at the level of 4337.97. Cryptocurrency continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. BTC/USD is expected to drop to 4150.00, 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 4970.00.
Bitcoin forecast & analysis BTC/USD on August 21, 2017
Earlier, a strong signal was received for buying of Bitcoin cryptocurrency, due to crossing of signal lines at the level of 3340.00. 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 3760.00, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations on BT USD is with the breakdown of the local maximum area at 4870.00.
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