Cryptocurrency Bitcoin BTC/USD is trading at the level of 2561.61. Cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the existence of a bullish trend over Bitcoin. The Ichimoku Kinko Hyo Cloud is expected to test near the level of 2570, from which one should expect an attempt to grow and develop the bull trend over Bitcoin for the target of growth near the level of 2930.
Bitcoin forecast BTC/USD on June 21, 2017
Earlier, a weak signal for Bitcoin cryptocurrency buying was received, due to crossing of signal lines at 2446.00 level. Canceling the variant of the growth of the cryptocurrency quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the level of 2370, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations BTC/USD stands with the breakdown of the local maximum area at the level of 2700.
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