Bitcoin BTC/USD is trading at the level of 3465.91. Cryptocurrency continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. The price of BTC/USD is expected to drop to the level of 3340.00, from which one should expect an attempt of growth and further development of the bullish trend for BTC/USD with the target of growth near the level of 3800.00.
Bitcoin prediction & analysis BTC/USD on August 12, 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 Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 2920.00, which will indicate the change of the bullish tendency in favor of the bearish trend. To expect the acceleration of the growth of quotations on BTC/USD stands with the breakdown of the local maximum area at the level of 3650.00.
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