Bitcoin BTC/USD is trading at the level of 2513.61. The Cryptocurrency continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Ichimoku Kinko Hyo Cloud is expected to test near the level of 2540.00, from where one should expect an attempt to fall and further develop the bearish trend for BTC/USD with a view to lower near the level of 2290.00.
Bitcoin BTC/USD prediction & analysis on July 1, 2017
Earlier, a weak signal was received for buying of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 2460.00. An additional signal in favor of a bearish trend will be a resistance area test. The cancellation of the variant of Bitcoin quotations drop will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 2650.00, which will indicate the change of the bearish trend in favor of the bullish trend. To expect the acceleration of falling quotations on BTC/USD is with the breakdown of the local minimum area at the level of 2350.00.
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