Bitcoin BTC/USD is traded at 2708. The currency is traded above the upper bound of the Ichimoku Kinko Hyo Indicator Cloud, indicating an bullish trend in Bitcoin. Ichimoku Kinko Hyo upper limit test near level 2650 is expected, from which one should expect an attempt of growth and further development of the bullish trend for BTC/USD with a target to growth near the level of 3020.
Bitcoin forecast & analysis BTC/USD on July 30, 2017
Earlier, a medium strength signal was obtained for the buying of Bitcoin cryptocurrency by crossing the signal lines at 2620. The cancellation of the Bitcoin quotation growth scenario will be the breakdown of the Ichimoku Kinko Hyo Cloud’s lower boundary with the closing of quotations below the 2520 area, which indicates a shift 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 the level of 2900.
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