Bitcoin BTC/USD is trading at the level of 2684.74. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. The drop in the price of the crypto currency is expected near the level of 2600.00, from which we should expect an attempt to grow and develop the bull trend on Bitcoin with a target to growth near the level of 2980.00.
Bitcoin forecast BTC/USD on June 23, 2017
Earlier, we received a weak signal for buying of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 2446.00. Canceling the variant of the growth of the cryptocurrency quotes will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 2380.00, which will indicate a shift 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 2920.00.
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