Bitcoin BTC/USD is trading at the level of 2802.63. 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 the level of 2780.00, from which it is expected to try to grow and further develop the bullish trend for BTC/USD with a target to growth near the level of 3140.00.
Bitcoin BTC/USD prediction & analysis on August 2, 2017
Earlier, a strong signal was received for buying of Bitcoin cryptocurrency, due to crossing of signal lines at the level of 2675.00. 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 2540.00, which will indicate a change 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 3090.00.
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