Bitcoin BTC/USD is trading at the level of 2396.43. Cryptocurrency continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Bitcoin is expected to rise to the level of 2435.00, from which it is expected to try to fall and further develop the bearish trend for BTC/USD with a target to lower near the level of 2210.00.
Bitcoin BTC/USD prediction & analysis on July 14, 2017
Earlier, a weak signal was received for the sale of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 2549.00. The cancellation of the variant of Bitcoin quotations drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 2490.00, which will indicate the change of the bearish trend in favor of the bullish trend. To expect the acceleration of falling quotes on BTC/USD stands with the breakdown of the local minimum area at the level of 2250.00.
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